Quick and safe profitable trading opportunities in currency trading in India via Hedge approach by simultaneous selling one currency pair and buying of another currency pair and vice-versa.
FX_IDC:EURINR Is on a constant downtrend from last year. Based on the Moving Averages analysis on MTF, it looks like a good time to go SHORT. TGT - 82.12, 2nd TGT - 80.3 STOPLOSS ABOVE 83.67
Due to Geopolitical tensions, the value of the Euro is expected to rise in comparison to INR. The currency pair has broken out and is looking to retest before continuing with the up move. So It would be a good idea to enter in a retest and expect a reversal rally. 200 EMA also acts as a firm dynamic support. Supports are marked in Green and Resistances in Red. In...
The pair has broken out and retested multiple times, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the upper trendline. The target is placed near swing high.
Buy EURINR at 87.15 to 87.2 Spot price for a target of 87.6 to 87.8. Maintain the stop loss 87.0 ( Spot price).
EURINR has been around the lower edge of a rising channel. It has not been able to break it since last few sessions. One reason for same could be a support area near the the trendline of the channel which was acting as a resistance during the last few weeks. I expect the EURINR pair to rise from here and reach to levels of around 90.50. It would be interesting to...
Resistances marked in Red.. Supports in Green... Trend in dotted Lines... Channel in Blue..... Like... Share... Follow...
EURINR just touched the upward trend line again. If it bounces back, I would open a LONG position and if it breaks it, I will go SHORT.
support resistance and trend updated... Like... Follow... Share... Enjoy trading...
In this currency pair, it has been observed that the price action firstly built double top on the chart and now breaking the support of 87.5, which may result further weakness in Euro and INR may get stronger. Price action is expected to go down to next support zone at 86 levels with SL88.
EURINR - Bearish Butterfly Target 1 - 89.1408 Target 2 - 89.5862 Target 3 - 90.1667
Market major support and resistance lines and also trading levels... Enjoy
Sell on rise strategy.... Levels Defined on Chart Share... Like... Follow... Stay Tuned
Trend support lines and trading levels plotted on charts.. Happy Trading.... Like... share....Follow... Stay Tuned..
looks like currency pair is in uptrend.ideal buy spot is near 85.5 price level..lets wait for valid retracement
Hi, If one looks at weekly chart, trend is bearish.. Now after looking at 4H TF, trend again looks bearish, price action signal at support is required for further price movement Thanks for reading!
we can not jump directly into signal here. you should wait for market to completely close below the head and shoulder which is overall confirmation sign. it can go above from here and than dump if this is eur overall looks weak so analyzing for now will enter next week