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 at the resistance zone, if manage to close below, we can see a potential downside. This is purely a technical view. Any change in sentiments can affect the price adversely. Please do like and subscribe. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my...
USDINR: it used to trade with 97% precision in regression channel trends, which is now decisively broken. The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions. only believing charts, I would be comfortable having a short stance for target 79.95
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.
Short INR as there's a complete harmonic pattern completed on weekly chart and entry point is today high. Target 77.08
By observing clear patterns of significant increases compared to the corrections its clear that dollar rate may get stabilize in the near future but it would be difficult for dollar rupee pair to go below 200 anytime soon. PS: its monthly chart which indicates long term behavior.
This is USDLKR Weekly chart & my mind blown after seeing this. If this is not what i think then what is this at 189 ? ICT is a curse of eyes 👀
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
India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech...
The Mauritian Rupee has been losing ground against the US Dollar and has lost almost 35% since 2014. The recent spike has accelerated this depreciation. Would the influx of tourists following the reopening of the borders - which should increase the supply of forex in the market - bring about a stabilisation in the USD/MUR rate?
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...
Gold has always been the flight to safety. With ongoing economic turbulence across countries due to Corona V2.0 aka Lockdowns v2.0, gold will prove itself as the numero uno store of value this year. Needless to say Q1 2021 has been the worst for the Indian Rupee. Indians don't have the option to hoard $$ legally but only GOLD.
L.T.P.: 98.50 S.L.: 98.65 Short term target: 97.7 Mid term target: 97 GBP INR making head and shoulder pattern(1hr chart)
After decades old bull markets. The great indian growth miracle is going to increase demand of currency as biggest company of the world are coming to india.
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!
A bat pattern seem to be maturing on the last part of it's journey, from leg C to leg D. Sell from 75.948 (approx) for a R/R of 2.08% on T.P 1. Sell again from 75.948 (approx) for a R/R of 3.31% on T.P 2. Thanks & good luck in all your trading.