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WaveTalks
Sep 28, 2017 8:13 AM

USDINR - Dollar Superman- Up -Up & Away@66 from 63.50 

FX_IDC:USDINR1W
U.S. DOLLAR / INDIAN RUPEEICE

Description

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Last update - USDINR & Nifty Barometer Part 2- Looking for U- Turn


Last Price@65.61

Awesome U- turn from 63.50-63.75 Zone for the highs of 66. Zone of 65.95-66.05 is very important & can give resistance to the dollar bulls & we can look for a short term stronger rupee from the zone of 65.95-66.05 to 65.20-64.80 Zone where dollar could get support.

Trade active

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15:16 Hrs 28th Sep2017

Last Price@63.52

INR becomes stronger intraday from the last update.

Trade active

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07:14 Hrs 30th Sep2017

Last Price@65.28

Very close to support level of 65.20

Trade active

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12:38 Hrs 4th Oct2017

Last price@65.32

65.20-65.25 was attempted twice forming good support as expected in the update.

Trade closed: target reached

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Closed at 65.32- Done
Wave AnalysisElliott WaveChart Patterns
Comments
ShanTrader
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Good morning Abhishekji.

Can I please request for an update on the USD INR pair .

Thank you and best wishes for the New Year 2018 !!!
WaveTalks
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@ShanTrader, Hello Shan, Let me check what is going on in Dollar Rupee but will do in 1st /2nd week only. Thanks
MrAkshatP
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Nice sir 😄
WaveTalks
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@AkshatPatwa, Welcome. Nice to see your charts as well.
MrAkshatP
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@AbhishekHSinghCMT, ☺️
pransss
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Is this USDINR oct futures? I think it closed around 65.5?
WaveTalks
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@pransss, Analysis is done on spot/cash data. You need to take the view accordingly & trade the futures managing your risk.
pransss
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@AbhishekHSinghCMT, thanks, So high chances of visiting 65.95-66.05 zone again ?
WaveTalks
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@pransss, Likely yes. Could even travel beyond 66 to 66.20 zone.
pransss
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@AbhishekHSinghCMT, Cool. I think tomorrow it will be flat because of RBI policy on 4th.
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