USDINR - 06Jan2022 On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline. This is for personal record purposes only, not...
USDINR - 06Jan2022 On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline. This is for personal record purposes only, not...
Hi everyone! In the idea of November 22 I predicted growth to purpose 77.42. As a result the price rose from 74 to 76 and now is in correction. Apparently from my schedule, the price reached level 0.382 according to Fibonacci. Therefore I expect that in the nearest future growth will be continued to purpose 77.42 which is earlier designated by me. Information...
USDINR - 05Jan2022 On the H4 timeframe, price bounced higher from the h&s target. Due to H1 price action, we could expect USDINR to continue upside to 1st Resistance at 74.8705 which is also the inverse h&s target. Thereafter we could expect USDINR to come down lower. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 04Jan2022 On the H4 timeframe, price is currently at h&s downside target of 74.265. As long as this level holds, we could expect price to bounce back to 1st Resistance at 74.7530. It is also worth noting that there could be an inverse h&s forming on H1 with the price target of ~75.85. This is for personal record purposes only, not financial advise or...
USDINR - 03Jan2022 On the daily, price bounced from 200MA support at 74.130. On the H4 timeframe, price bounced from h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.753. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR has been bouncing off a long rising trendline since early 2021, and in fact has seen what you could reasonably call a clear uptrend on the larger timeframes since 2008. On the 12H chart and virtually all lower timeframes we're seeing oversold RSI reading, either with strong divergence (higher RSI, lower price) or flattening RSI with lower price, pointing...
USDINR - 31Dec2021 On the H4 timeframe, price have achieved the h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.78. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 30Dec2021 On the daily, price have confirmed below 50MA and breakout trendline. Need to wait and see whether it confirm below on the weekly timeframe. On the H4 timeframe, price broke down from the important support level at 75.00 area. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.00 before going down further. There...
USDINR - 29Dec2021 On the H4 timeframe, price is currently at daily/weekly support level. But it broke down from the important support level at 75.00 area yesterday. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.022 before going down further. There also seems to be a h&s in play with target around 74.20. This is for personal...
USDINR - 27Dec2021 On the weekly, price has pulled back to previous breakout level where it is expected to act as a major support at 74.8440. It is also at daily 50MA. On the H4 timeframe, price dropped to 200MA 1st Support at 74.9360 which is also a daily support. We could expect a short-term bounce to resistance at 75.3170. This is for personal record...
USDINR - 24Dec2021 On the H4 timeframe, price dropped to 200MA. It is also the previous breakout trendline. With Stochastic at support level + previous supply and demand zone, we could expect the price to bounce to 1st Support at 75.3550. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 23Dec2021 On the H4 timeframe, price dropped back to 1st Support at 75.32 which is also a daily support. We could expect a short-term bounce to resistance at 75.6370. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 22Dec2021 On the daily, price is on 1st Support at 75.32 we could expect a short term bounce from here. On the H4 timeframe, price dropped to 1st Support at 75.32. Market structure have also changed to lower highs and lower lows. Since price is at daily support, we could expect a short-term bounce from here. This is for personal record purposes only,...
USDINR - 21Dec2021 On the H4 timeframe, price is at support around 75.70. We could expect a short-term bounce from this level. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 20Dec2021 On the weekly, price faced bearish pressure from 1st Resistance at 76.40 as expected. We could expect the price to pull back to at least 75.83. It is also worth noting that USDINR is currently moving inversely of DXY. If DXY strengthens, USDINR drops. On the H4 timeframe, price is coming into support area at 75.8665. We could expect a...
USDINR - 17Dec2021 On the H4 timeframe, price faced bearish pressure from 76.41 zone. With Stochastic still at resistance area, we could expect price to face more bearish pressure and pull back to 1st Support at 75.8665. This is for personal record purposes only, not financial advise or solicitation of trade.