U.S. Dollar / Indian Rupee USDINR

pull back

White dotted lines represent short term support and resistance levels based on the tightening equilibrium pennant pattern. Note the bullish divergence on rsi. green arrow = long / red arrow = short. Green and red shaded area = sell zone via dca based on fib retracement 1.618 (of course ema may act as support so sell if you see strong support on ema if shorting)

USDINR is currently facing major resistance from all time highs. A breakout above these would validate long entries

RSI is OverBought..

It can go up :-)

Very interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level

a small correction in my previous chart Corrected in this chart comments / critics welcome

Long term elliott wave perspective do not count much on this if i am right , i am lucky , if not , i am just another elliott wave practitioner

USDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413

NIFTY in USD terms Bearish HnS target 130 if current levels brakes decisively

The chart of Sensex index in terms of gold. It don't give a long history, only 11 years. I ran this chart to answer a specific question; Will a nuclear war happen? At least, will India participate in such thing? A country with booming market reflect a very positive social mood will not engage in a war. I don't have long enough historic data to get the big ...

Rise in USD/INR is going to be the proportional to the rate of evaporation of the hope for better days in India. Well, the proposition itself was a pipedream but anyway let's focus on currency and not on crooks. I gave a talk in NJ,USA few years back on USD/INR, where the audience was comprised of some bankers from India and some politicians along with many ...

As per my analysis , USDINR is trading in wave 3(3) which should take USDINR higher above 70+ levels over a period of time.

There are series of daily chart involving multiple abc's Presently i am not sure in the fag end whether wave C is completed or not Wave analysts - please be free to analyze the chart

H&S PATTERN FOR 67 +

the downside target has been calculated from the point figure chart provided in this link .... https://invst.ly/74ip3 Disclaimer..Not an investing/trading recommendation

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#USD is testing markets with formation of wage. Wait for the breakout! Looking at the global economic stability and oil market, I expect to go long.