Hi everyone! USD/INR pair bargains near an important trend line which can be seen on the week chart. RSI and other indicators speak about the next growth of pair in the short term. Therefore I expect growth in the beginning to the level where large volumes, and then to the following level of resistance are located. I wish all good luck in trade! Buy on...
USD INR analysis for upcoming long view. Please comment what are your views along with your analysis. lets have a good discussion
USDINR still in Bullish territory long at 73.2500 stop loss 72.7250 breaching 72.7450 leads to down side 71.650 intermediate support at 70.150 Target 75, 76, 77 long term support at 68 closing below 68 enters bearish territory until buy on dips strategy USDINR
USD is consolidating and looking to gain strength again. This time it might go and hit 80. Buy on dips with the support level given in the chart !!
USD_INR BROKE THE CHANNEL AND IS FORMING A TRIANGLE, SQUEEZED BETWEEN RESISTANCE AND A 2 YEAR SUPPORT LINE. THE PAIR EITHER BREAKS UPWARDS AND CONTINUES TRADING INSIDE WIDER OR NARROWER CHANNEL>>> LONG AFTER CONFIRMED BREAKOUT. OR THE TRIANGLE BREAKS DOWNWARDS>>>SHORT AFTER PULLBACK. ULTIMATE TARGET=SUPPORT 1. LIKE AND SUBSCRIBE FOR MORE!
DATE: 5 SEPTEMBER 2020. INSTRUMENT: USDINR. TIME FRAME: DAY. TRADE TYPE: POSITIONAL. INDICATORS: PSAR: BULLISH STOCHASTIC: BULLISH DIVERGENCE. PRICE ACTION: CMP: 73.164 BUY ABOVE: 73.550 SL: 72.80 TARGET: 75.540 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record...
It seems bullish for this month, looking for buy entries, trade with proper risk management.
::: HIGHRISK TRADE ::: 31 MAY 2020 USDINR CMP:75.7925 BUY ABOVE 75.7925 SL:75.70 EXPECTED TARGETS 75.8315 75.8838 75.9360 76.0103 Very strong resistance at 76.2500 76.0700
USDINR looks all set to break out from a triangle formation. We can expect a rally towards 77 levels. Break below 74.90 would invalidate the outlook.
USDINR Trading Plan BUY - Riks Reward 1:2 Max 1:2.5
UDSINR CMP 75.72 spot is poised for initial leg of up move until 78/78.6. However long term target remains at 80+ Levels
USDINR Trading Plan BUY - Riks Reward 1:3