USD INR Short term bearish. Likely to touch support levels. Short to Rs.75 then Long from Rs.75 to Rs.77
A good time to update the chart in Indian Equities (NIFTY) for those following the EM story... If you take a closer look at the below diagram " Top is in for the year.. " you will see that it is above all directed against an arithmetic conception of the 5 wave sequence from the cycle lows. What is crucial is simply the greater or lesser degree of mobility...
We are doing Analysis of CrudeOil MCX on 1 Hour Timeframe. The projected target from the breakout is usually the vertical distance from the high to the bottom . Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thankyou Ankur Verma Twitter : Ankurverma3838
USDINR looks all set to break out from a triangle formation. We can expect a rally towards 77 levels. Break below 74.90 would invalidate the outlook.
In this positional chart, the INR is entering back into the game, whilst USD is nearer the end and thus already well-developed. That is decisive. So the more distant EM currencies like INR actually will act as a trump card and assist in diverting flows from the king, but like all trumps we must use them sparingly: do not jump the gun is the rule. The diverting...
Being an NRI, you always keep an eye on this one single currency rate → OANDA:USDINR Based on an interest rate parity level, the Indian Rupee should be around 80-84 range. Still a long way to go...
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