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...
USDINR - GO SHORT @ 76.71 WITH A SL OF 77.91 AND A TARGET OF 71.52. TARGET SHOULD BE ACHIEVED BY MID-APRIL 2020
The main trend is a downtrend; however, it does not mean we cannot take a little profit in a downtrend. As it is against the steam, we put our stop tight here. Entry: 70.5 Stop: 70.2 Final target: 71.22 Have a good week. Follow to hear more.
now inr 50% down side move.because major (res) brokan and re test coming after market move up side
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,...
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.
USDINR active till indian Budget july 2019
little bit push back like- 70.32 and 70.12
looking good for long , see triangal and buy..
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 !!
=> After many requests from our followers in India we are posting an update to the USDINR map. => Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough. => This means the next big support level below is 68.86...
short with 72.80 stoploss tp -71.00 and 69.00 new low soon