Several economic figures in the United States are projected to push the dollar lower than its rupee counterpart. Risk aversion will benefit India’s economy with surges in gold prices, instead. The US is projected to report a decline in three key figures: Composite PMI, Manufacturing PMI, and Services PMI for the month of September. As the pair’s 200-day moving...
Channel marked in Blue..... Resistances in Red..... Support in Green.......... Like .............. Follow.... Share...........
USD_INR BROKE THE CHANNEL AND IS FORMING A TRIANGLE, SQUEEZED BETWEEN RESISTANCE AND A 2 YEAR SUPPORT LINE. THE PAIR EITHER BREAKS UPWARDS AND CONTINUES TRADING INSIDE WIDER OR NARROWER CHANNEL>>> LONG AFTER CONFIRMED BREAKOUT. OR THE TRIANGLE BREAKS DOWNWARDS>>>SHORT AFTER PULLBACK. ULTIMATE TARGET=SUPPORT 1. LIKE AND SUBSCRIBE FOR MORE!
DATE: 5 SEPTEMBER 2020. INSTRUMENT: USDINR. TIME FRAME: DAY. TRADE TYPE: POSITIONAL. INDICATORS: PSAR: BULLISH STOCHASTIC: BULLISH DIVERGENCE. PRICE ACTION: CMP: 73.164 BUY ABOVE: 73.550 SL: 72.80 TARGET: 75.540 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record...
INR may have made a long term TOP or about to do so. Will wait for a confirmation by price action in next few weeks. A small degree confirmation(daily) will be good to make a trade. Looking for mid and long term targets to hit over the next few months to years. I am certain this will also be reflected in Equities overly long term and should be positive...
USDINR saw a continuous downfall during last few days. But seems like the trend is about to reverse now. I feel that it would move back to around 74.30 level.
This is a NIFTY 50 chart mapped in terms of Dollars. This is how I feel the FII & FPI look at our charts and measure their CAGR in Dollar terms. This is for educational purposes.
Cup & Handle formation to reach 92.5 and in couple of years will break above 100.
Further investment from USA into indian markets to pull down the dollar
after testing weekly support, currency pair has tested 4 H resistance also.. small wall need to be broken for further up move..
Pattern: Channel Up on 1W. Signal: Bearish as the price is reversing after a Higher High on the Channel Up, with the MACD making a bearish cross on significant downside potential. Target: 71.500 (expected Higher Low on a roughly -8.40 decline). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
OANDA:USDINR utilize these levels for your trade reference.