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,...
USDINR - 16Nov2021 On the H4 timeframe, prices are facing bearish pressure from the descending trendline in which we could expect it to drop to1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 15Nov2021 On the daily time frame, USDINR failed to continue its bullish momentum after a failed breakout 2 weeks ago. Last week price action also closed below 50MA indicating potential further downside. On the H4 timeframe, prices have played out in the previous H&S perfectly. Now it is facing bearish pressure from the descending trendline in which we...
Hi everyone! As I noticed earlier, it was necessary to wait for an exit from a triangle. And so now an exit from a triangle took place up. Therefore using length of the widest part of a triangle and also Fibonacci's stretching. We receive the purpose about 77.50. Purchase at the current price. TP = 77.50 Information provided is only educational and should not...
Just Imagine Looking Bearish for USDINR(Rupee) Next - 74.00 Rupee And Advance ** Happy Dipawali **
USDINR - 29Oct2021 On the H4 timeframe, price is still playing out h&s neckline in which it could face further bearish pressure to 1st Support at 74.5860. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 28Oct2021 On the H4 timeframe, price is still below the h&s neckline in which it could face further bearish pressure to 1st Support at 74.6950. If price closes above the neckline, h&s will be invalidated. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 27Oct2021 On the H4 timeframe, price faced bearish pressure from the resistance yesterday. H&S still in play, we could expect it to continue downside to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 26Oct2021 On the H4 timeframe, price continued to bounce higher with limited upside. If price close above 1st Resistance at 75.1800 today, h&s will be invalidated. For now, we could expect it to pull back to 1st Support at 74.695 This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 25Oct2021 On the daily timeframe, USDINR finally bounced from 20EMA and 1st Support at 70.6950. It is now at previous breakdown area at 74.940. On the H4 timeframe, price bounced back to the resistance level. It has now rebounded to neckline of h&s , price target around 74.075. For today, we could expect it to face bearish pressure and dropped back to...
USDINR - 22Oct2021 On the H4 timeframe, price broke down from h&s , price target around 74.075. For today, we could expect it to bounce back to 1st Resistance at 74.99 before dropping to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 21Oct2021 On the H4 timeframe, price broke down from triangle pattern, price target at 74.075. For today, we could expect it to bounce back to 1st Resistance at 74.99 before dropping to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 20Oct2021 On the H4 timeframe, prices are consolidating sideways inside a triangle pattern. Need to wait out for which direction it will break out before determining the direction. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 19Oct2021 On the H4 timeframe, prices faced bearish pressure just below 1st Resistance and dropped. With the DXY weakness, we can expect it to pullback to 1st Support at 74.695. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Oct2021 On weekly timeframe, price broke out of descending trendline and swung towards 1st Resistance before pullback below 23.6% Fib retracement support but was not able to confirm above. We could expect a short-term bounce before a deeper pullback this week. On the H4 timeframe, prices held support. We could expect a short-term bounce to 1st...
USDINR - 15Oct2021 Today is India Mahastra holiday. On H4, price dropped to strong 1st support. We could expect a short-term bounce at this level. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 14Oct2021 On H4, price dropped to support. We could expect further pullback on the USDINR to 1st Support today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 13Oct2021 On H4, USDINR swung towards strong 1st Resistance at 75.600. We could expect it to pullback to at least strong 2nd Support at 74.98. Stochastic is also at resistance where previous drops occurred. This is for personal record purposes only, not financial advise or solicitation of trade.