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Please support this idea with LIKE if you find it useful. Price was rejected by the horizontal resistance which gives us a Double Top pattern, also we have an RSI is in an overbought zone. The price can retest the previous resistance of the Channel (currently support), so we can initiate a short position with a stop-loss above horizontal resistance Thank you...
USDINR - SELL @ 76 WITH A SL OF 80 AND A TARGET OF 40. TARGET SHOULD BE ACHIEVED IN NEXT 2 YEARS.
USDINR - SELL @ CMP WITH A SL OF 73.9 AND A TARGET OF 71.6. TARGET SHOULD BE ACHIEVED BY 6 MARCH
An inverted H&S pattern has been completed. The target is 76.50
Please support this idea with LIKE if you find it useful. Price broke the Channel's resistance zone. Price was trading with good volumes inside the channel, which points out it could be an accumulation. When price fixes above we can initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into...
WaveTalks - DOW -Cracks 1900 points in 2 days / Nifty - Ab tera kya hoga ? Welcome you all in the exciting update on WaveTalks !!! As per the idea published on 12th Jan 2020 - Nifty : Stellium Effect (Stellium - Astro term) Have Suggested Dow close to a primary top on 17th Jan 2020 & India Nifty made a top next week on 20th Jan 2020 - Looking for a fall close...
USDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
Longer term chart also indicates Long , just like short term chart. Looking like a good setup. Wait for current triangle being formed to be broken.
As the longer timeframe is in downtrend sell at higher price and book profit at low price.
Breakout above 72.25 and now bouncing off the breakout zone to reach 70.5 to 70.75 area before the budget announcement. Then the break above 72 or retracing back to 70.5 zone.
On Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
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.
Here we are tracking the 2020 macro map for USDINR, a high yielding EM currency. The expansion in volatility here will come from CB coordination, and being short USDINR which generally would also support a view for better risk appetite means it acts a great portfolio hedge for those looking for high carry. On the INR side, macro figures are starting to indicate...