It seems like usdinr forming a double top. Check and add it your watchlist
USDINR saw a sharp decline today. With this fall, it has touched the support region of the rising channel within which it was moving for last few weeks. As the RSI is also reaching the oversold region, I feel there might be a pause here and we may see some pullback. I will wait for the price-action to unfold during next few hours on this support region to...
As expected, USDINR tool support of the rising channel's bottom and has now started moving up. I expect this upward journey to continue with targets as: T1 - 79.70 T2 - 80.00
Considering a uptrend in 15 min on intraday basis. Forming a upmove until the resistance.
USDINR is in its 5th wave as per my Elliott wave analysis. Wave#3 was extended, so the wave 1 should be = wave 5, with this assumptions I think the USDINR will go upto 81.80 are before deciding further direction.
After showing a sharp fall early last week, USDINR has again started its upward journey. It is slowly approaching a strong resistance zone. This zone lies between 79.69 - 79.82. A breakout of this will clear its path towards 80.00 and then towards the recent all time high of 80.20. However, a strong rejection of this level might mean a fall back to 79.00...
USDINR has formed beautiful H&S and its exhausted now. Rest chart is for education purpose. Do you own analysis before trade.
USDINR is going to be a history at this current price where it is standing. People (traders and investors) are going to remember this price 81 for a very long time. I am an Elliottician and I will upload the counts of this chart. Right now, all I can say is that this chart is going to make a big reversal. The psychology of money is telling that something big is...
USDINR gave a strong upmove last day and is now out of the weekly resistance of trend-line. The resistance was broken with a strong candle and we can expect further upmove. At the same time, USDINR is testing another resistance trend-line that has been tested 3 times since 2013 and now being tested for the 4th time. A weekly close above this would mean further...
Technical indicators indicate corrections the need. I specially chose the purpose achievement by which perhaps with high probability. It does not mean that correction on it will end. On the week chart the price moves in the upward channel, that is the medium-term trend remains upward. TP = 76.42 Information provided is only educational and should not be used to...
USDINR has broken the falling trendline and also broke past an important horizontal resistance region of 78.15 - 78.20. This was broken with a huge candle. With this move, it has not only broken the horizontal and trendline supports, but also the tend of LL-LH. This is a clear bullish signal. However, we can't go away with the fact that the central bank may step...
USDINR is forming lower-lows and lower-highs. Same is the case with RSI. I see the upward side strong resistance zone remains between 78.05 - 78.10. Till the time 78.10 is not broken on the upside, I see we may see some bearish to sideways trend in USDINR during next few days.
Here are my views on whether USDINR crossing 78 is a worrying sign or not. Curious to hear your views too!
USDINR is following a upward channel, visible in daily chart and in consolidation phase from last almost one month. Similarly, a visible downward channel is also visible in four-hour time frame which is continuing for last fifteen days. Breakout from the consolidation phase in any direction may give this instrument a massive movement. #usdinr
As we see in the graph that double correction has completed and now the journey towards the upside is started in the form of C leg .....
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.
Dollar is near all time high against INR, and is following an uptrend channel from last six months. At this point 77.580 and 77.707 levels will act as crucial resistance. If it crosses 77.707 level then we may see new highs. But any negative price action below 77.580 level we may expect some downward move. In that case 77.350 will act as major support followed by...