SGDINR is trading in the 50.1 to 53.89 range (shown in the box). It will continue to be range bound until there is a breakout. I anticipate an upside breakout eventually. The target then will be the equivalent to the box height. But the timeline will be much shorter. NeatTrade
Please support this idea with LIKE if you find it useful. Price was rejected by the horizontal resistance which gives us a Double Top pattern, also we have an RSI is in an overbought zone. The price can retest the previous resistance of the Channel (currently support), so we can initiate a short position with a stop-loss above horizontal resistance Thank you...
Please support this idea with LIKE if you find it useful. Price broke the Channel's resistance zone. Price was trading with good volumes inside the channel, which points out it could be an accumulation. When price fixes above we can initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into...
Wedge breakout and retest done. Target 0.67+ Lower channel trendline should act as strong support in case any pullback is seen
Here we are tracking the 2020 macro map for USDINR, a high yielding EM currency. The expansion in volatility here will come from CB coordination, and being short USDINR which generally would also support a view for better risk appetite means it acts a great portfolio hedge for those looking for high carry. On the INR side, macro figures are starting to indicate...
now inr 50% down side move.because major (res) brokan and re test coming after market move up side
Whilst not visible on the chart the inverted H & S pattern has formed with support around the 78.6% fib retracement (of the move up that commenced in October 2016). This looks set for a move up. Keep an eye on the daily RSI which is at 67 though the weekly RSI is well under control.
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The USD/INR (Indian Rupee) pair triggered a bullish wedge pattern recently and entered into a consolidation. The price is now trading near the 38.2% Fib level which aligns with a horizontal support level, signaling a potential continuation of the underlying downtrend. Notice that the pair hasn't reached the profit target projected by the wedge pattern yet,...
XAUUSD 1802$ Confirmed ... Play With Trend MAKE MONEY IN TONS FOR MORE MESSAGE ME .... Invalid Point Break 1479 (LAST LOW) The expected trading range is between 1479.00 support and 1802.00 resistance. The expected trend : Bullish
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.
i just wanna see how this turns out. for fun!!
Devaluations race has just begun
Looking bullish next 2 weeks
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 !!