MOAB, Mother of All bubble is the analogy lots of social media posts. Some even calling for that to unfold in the month of October itself. Talk of not 100 but 150 dollars doing the rounds. Bonds Down (yields up), Credit Ratings coming down, Crude prices hit, liquidity is squeezing, USD up, Equities wilt, Signs are omnivorous. US economy continues to print more...
We love sentimental trade ideas. There is nothing better trade than those stemming purely from sentiments. We shared timely long USDINR pair and we have attached the link below.
The positive sentiments from Moon landing drove INR higher yet on macro level, this changes NOTHING .
Congratulations to India and all Indians!
-Signalwyse Team
USDINR is in its 5th wave as per my Elliott wave analysis. Wave#3 was extended, so the wave 1 should be = wave 5, with this assumptions I think the USDINR will go upto 81.80 are before deciding further direction.
Hello and a warm welcome to this analysis on USDINR - FED meet coming up later tonight.
It is currently trading at the upper end of a diagonal channel. It has a Bearish Three Drives Harmonic Pattern coming up with a PRZ near 76.75. Expecting it to cool down from there and likely retest the lower end of the channel around 75.25. The view negates above 77
I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from...
USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09
A move above 72.30 invalidates the pattern.
Wave count in Nifty too supports short term weakness.
Hi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Guys, INR/AED pair is poised to go higher till .0532 during January 2019 , from there there are two possibilities described below -
A) It may reverse from that point considering its testing all time low support line (Black line) which now will act as a strong resistance line, and hence price will go low to the new lows around .470 mark.
B) If, the price...
Very interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level
The Rupee is the official currency of the Republic of India. It is named after the silver coin, rupiya, which was first issued in the 16th century by Sher Shah Suri. The Reserve Bank of India controls the issuance of the Rupee.
