This Currency Pair has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
USDINR is at crucial levels, if it breaches on upside it would mean more pain in Indian share market but if it breaks down from these levels which has a very high probability then look for recovery in Nifty & BN from here on.
USDINR - 26Apr2022 On the daily, USDINR tested the 78.6% Fib retracement at around 76.758 yesterday. On the H4, price have pull back from the 1st Resistance after Stochastic has pulled back from Stochastic. If price can closes above this level, we could expect it to retest previous highs at 77.055. Disclaimer: This is for personal work record purposes only,...
USDINR - 19Apr2022 On the daily, price is bouncing higher after a triangle breakout with upside target to around 78.200, Before that could take place it has to close above 78.6% Fib retracement at around 76.758. On the H4, price faced bearish pressure from the 1st Resistance at 76.4250 yesterday. H4 is still playing out its previous h&s pattern. If price actions...
GBPUSD- 14Apr2022 On the daily, GBPUSD is trying to bounce above the 20EMA On the H4, GBPUSD bounced higher on the back of DXY pulling back. Price has also bounced and confirmed above 20EMA and 50MA. With H4 Stochastic at resistance, we could expect price to face bearish pressure from the 200MA + 1st Resistance at around 1.31570. This is for personal record...
USDINR - 07Apr2022 On the H4, USDINR bounced back strongly to the descending trendline + Fib resistance. With RSI also coming into resistance, we could expect USDINR to have a pullback to at least 1st Support at 75.6500. This is for personal work record purposes only, not financial advise or solicitation of trade.
USDINR - 06Apr2022 On the weekly, USDINR dropped back to 20EMA support. On the daily, price is also at Fib confluence support with a doji candle closed yesterday. We could expect a short-term bounce today. On the H4, USDINR continued its h&s downside target to 74.35. However, price is currently at daily and Fib confluence support. It could have a short-term...
USDINR - 31Mar2022 On the H4, there could potentially be a h&s in play with downside target of 74.35. If the price were to bounce back to 1st Resistance at 76.19, it could potentially face bearish pressure to push the price down to 74.35. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 23Mar2022 On the H4, market structure for recent price action have changed to lower highs and lower lows. Price faced rejection yesterday at the 50% Fib resistance at 76.45. As long as price action is kept below 76.70, we could expect USDINR to drop lower to 200MA at around 75.60. This is for personal record purposes only, not financial advise or...
Despite srabotnanny SL in the last idea, I consider that height of vapors of USD/INR will proceed. Now the price reached the trend line on the week chart from which the price many times made a start. I set as the purpose on this idea a price maximum. TP = 76.97 Information provided is only educational and should not be used to take action in the market.
USDMYR - 15Mar2022 On the H8, price is testing previous resistance around 4.1200. Once price can close above, we could expect USDMYR to surge easily to next resistance at 4.2260. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 15Mar2022 On the H4, price is still consolidating for Wave 5-(IV)(b). As long as price do not close back below 2nd Support at 97.78. We could expect DXY to push higher for Wave 5-(V). This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 14Mar2022 On the weekly, price close as a spinning top candle last week above the minor bullish channel. On the larger timeframe, USDINR has room for further upside. On the H4, price is bouncing back to retest previous highs at 77.16 after a strong bounce back last Friday. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 11Mar2022 On the daily, the price gapped lower and bounced yesterday. But the price is still close lower than the previous day's candle. On the H4, price bounced from 50MA support at 76.08. As price closed lower on the daily, we could expect USDINR to pullback further to daily / H4 Support at 75.75 This is for personal record purposes only, not...
USDINR - 10Mar2022 On the H4, price is now at 50MA support at 76.08. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 76.6050. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Mar2022 On the daily, price has gapped up above the upper channel to 1st Resistance at 77.1605. With Stochastic at resistance, we could expect short-term pullback. On the H4, gapped up to 1st Resistance at 77.150 which is also 127.2% Fib resistance. With Stochastic at resistance, we could expect price to pullback to 1st Support at 76.28. This is for...
USDINR - 07Mar2022 On the weekly, price is surging up to its upper trendline resistance. We could expect it to reach its weekly resistance at 76.57 next week. On the H4, price surged above the minor parallel channel and faced bearish pressure around previous highs at 76.42. With Stochastic at resistance, we could expect USDINR to pull back to 23.6% Fib support...
USDINR - 04Mar2022 On the daily, price is at resistance around 76.00. On the H4, price closed above previous resistance at 75.88. As Stochastic still have room for further upside, we could expect price to bounce higher to 1st Resistance at 76.210. This level is expected to be the max upside for today. This is for personal record purposes only, not financial...