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...
USDINR - 07Dec2021 On the daily, there was a follow through candle yesterday. We could expect price to bounce higher to retest previous highs at 75.665. On the H4 timeframe, prices continue to bounce higher, we could expect it to bounce higher to 1st Resistance at 75.665. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 06Dec2021 On the weekly, USDINR follow through to close above the previous candle as well as descending trendline. We could expect further upside for this pair in the near future. On the H4 timeframe, prices are at small gap fill area. We could expect it to pull back to at least 1st Support at 74.9735 before further upside. This is for personal record...
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...
USDINR - 03Dec2021 On the H4 timeframe, price is still holding above the ascending trendline. Once it breaks below, we could expect it to drop to 1st Support at 74.7420. This is for personal record purposes only, not financial advise or solicitation of trade.
India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech...
USDINR - 02Dec2021 On the daily, prices have broke above previous descending trendline and is now consolidating but it has not confirmed. We need to be cautious of the upside. On the H4 timeframe, price bounced from the ascending trendline and is now above all MAs. But with the mixed signal from the daily, we need to be cautious from any upside. This is for...
USDINR - 30Nov2021 On the daily, price failed to close above previous day candle as well as above the descending trendline. On the H4 timeframe, prices made a W bottom and surge up higher. We need to be slight bullish bias on this pair but have to monitor how the price action will play out this week. This is for personal record purposes only, not financial...
USDINR - 29Nov2021 On the weekly, USDINR closed above previous descending trendline. We will have to wait and see whether the price can close above this week. On the H4 timeframe, prices made a W bottom and surge up higher. We need to be slight bullish bias on this pair but have to monitor how the price action will play out this week. This is for personal...
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...
USDINR - 26Nov2021 On the H4 timeframe, prices were not able to close above important level at 74.60. We should be cautious of further upside as there are higher possibility for the price to pull back and retest 1st Support at 74.1405. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 25Nov2021 On the daily timeframe, price have closed above 2 MAs. We should remain slight bullish for this currency On the H4 timeframe, prices are still making higher highs and higher lows and should remain slight bullish on this currency. With DXY expected to pullback, USDINR may pull back before further upside. This is for personal record purposes...
USDINR - 24Nov2021 On the H4 timeframe, prices pulled back from the resistance yesterday. With price unable to close above daily MAs, we need to be cautious with USDINR on the upside. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 23Nov2021 On the daily timeframe , price remain below 2 MAs. We should be cautious with USDINR on the upside as long as price is below these 2 MAs. On the H4 timeframe, prices broke above to the descending trendline. We could expect further upside to 1st Resistance at 74.585. This is for personal record purposes only, not financial advise or...
USDINR - 22Nov2021 On the weekly timeframe, price found support near 74.00 and bounced but it is still below 2 MAs. On the H4 timeframe, prices bounced back to the descending trendline. If price can close above the descending trendline, we could expect it to swing towards 1st Resistance at 75.555 easily. This is for personal record purposes only, not financial...
USDINR - 18Nov2021 On the H4 timeframe, prices faced bearish pressure from the descending trendline and dropped. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Nov2021 On the H4 timeframe, prices are facing bearish pressure from the descending trendline. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.
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,...