1 DEC- Analysis: Currency Price is consolidating at the top USDINR opens: side: if it gives breakout buy(100) gapup: buy (100) gapdown: if opens near previous day reversal + immediate breaks 5 min high then buy(100) if it cosolidate in first half after gapdown then we can sell in second half after 11:30 am (100)
Soft landing of the economy is the word that is catching cold. All hard landings in the first-place look like soft landing until it is over. Inflation is re-defined, calls for higher base from 2% is catching up. World is facing the debt scare with 337% of world GDP. Reports from RBI suggests our savings too are fast depleting. Further drill down of the numbers may...
USDINR has been trading in the 83-80 area since October 2022. The USDINR has been consolidating for nine months and is on the verge of breaking over the 83 barrier. If it breaks over 83 per USD, the pair might go to 86 within 6 months. When the rupee reaches 86 per USD, the Indian central bank may interfere. The ultimate target for Primary Degree Wave 3 may be 90...
The Rectangular Pattern in Wave IV suggests that the USDINR may rocket higher towards 86 before the end of the year. Because of the barrier rectangle pattern, the pattern is quite bullish.
Hi guys, Currently, USDINR is in downtrend as per my analysis the dollar can go further down. So my idea is we can go short in USDINR. Once USDINR reaching at Trendline Resistance. We can hold this position till end of this month or next month to get better results. The etiology why dollar can go further down is; 1. Fed will stop raising interest rates in...
USDINR (#USDollar Vs #IndianRupee) Short Signal Entry:81.903 SL:82.146 Target:80.849 RR:1:4 But You can Save Profit and Continue Target:80.206 Means 1:7 RR Please Tell me Your Idea?
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
The USDINR has shown breakout on the Wednesday night during the FOMC Fed Meeting and the pairing is trading in the impulse pattern.Presently it is in wave 4 now which will complete around 80.60 level and then wave 5 will begin which will have the target of 81.62.
USDINR is rising on rising sharply due rising crude oil prices this week, as European nations has said No to Russian Oil. USDINR is looking strong and can head to levels of 77.8 where it can face huge resistance. If USDINR manages to trade above 77.8 levels on daily and weekly timeframes, then it is heading towards 78.5 levels. If BEARS managed to hold USDINR...
USDINR has been trading in an Upward Parallel Channel, since last year end till now. Recently it has hit the upper top of the channel at 77.88 levels. Its a SELL till 77.4 and if it breaks 77.4 level with good volume, it can further drift down to 77.17 levels. 76.94 to 77.1 7 is a Buy Zone, where can be a bounce back but till that time, its a Short.
Rising wedge pattern under formation in USD/INR chart TARGET 1 - 75.530 TARGET 2 - 74.100 RISK REWARD RATIO - 3.3 : 1
Just Imagine USDINR Looking Push Up till 75 and more
DATE: 22 NOV 2021 INSTRUMENT: USDINR TREND: BUY TYPE: POSITIONAL. TIME FRAME: DAY CMP: 74.370 BUY ABOVE: 74.370 STOP LOSS: 73.933 TGT 01: 74.81 TGT 02: 75.03 TGT 03: 75.32 RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not...
The US dollar has gone back and forth during the trading session on Thursday as we hang around the ₹75 level. The ₹75 level in the past has been resistance, and it certainly looks as if it is the same situation now. I believe the market testing this major resistance barriers a sign of just how weak India is at the moment, as traders around the world continue to...
The US dollar has enjoyed a relatively large move to the upside against multiple currencies for the last couple of months. It has been no different againts the Indian rupee, as emerging markets in general have struggled. With concerns about increasing coronavirus figures, global growth slowing down, and simple inflation, the US dollar has been what most people...
The USD/INR is near the 74.3600 price level as of this writing and has seen a low of nearly 74.2800 in early trading. However, when today began, the USD/INR was near the 74.5500 ratio as the pair tested highs last seen on the 12th of November. The Forex pair has seemingly created a rather restrained consolidated price realm the past handful of trading days; yes,...
The USD/INR is trading near the 74.9000 juncture in early trading today, after actually trading above the 75.0000 juncture briefly yesterday. Volatility in the USD/INR has increased as resistance levels have proven vulnerable and reversal off highs occur in swift choppy motions. After breaking through the 74.7000 level yesterday, the USD/INR saw an impetus of...