The pair took support at 80.90 and made an attempt to scale higher of 81.76 levels, it got sold-off again. The support at 80.90 is a tuff nut to crack and may consolidate in the range of 80.90 & 82.05 with choppy moves on either side. A close above 81.75 can be treated as a reversal for re-attempt of 82.55. Only a break below 80.90 can see the pair drift towards...
USDINR - By looking US markets, also I've posted the ideas for S&P500, NASDAQ, DJI, Seems like USDINR has to move up.
Invalidation Line will negate this count. Anyways let's co-relate the Market :) and see the trend.
The indian rupees remained under pressure, in price action there is support at 81.11 and same it has taken U turn from there. now we can see rally towards 81.89.. so trade can be executed with the given level. please follow strict stop loss at support level.
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USD INR clear breakdown on daily charts breaking it's trendline can come for a level of 80 and 75 soon
Just a view
Ask your financial advisor before taking any action based on my view
Only for educational purposes
• Let see the trendline support will make the trend continue upside or reversal downside.
• If any "Daily candle" going to break "high of previous Daily candle", we can try for reversal as from trendline support with good Risk-Reward as chart showing that history had repeated many times.
• Entry:- 81.917 break. (Entry should be on previous candle high break . It...
The pair took support at 81.45 and saw constant buying interest. As observed in the previous blog daily close above 81.75 made the pair attempt the steep trend line with a high as well as close of 82.43. While things look favoring further up move, we may find sellers emerging around 82.55 and then at 82.80 which is closer to the steep trend line resistance. Most...
Hi this Vijay Shrivastava and
This is thinking 💭 🤔
I try to compare SGX NIFTY WITH USDINR for catch Nifty 50 next moment..
(1) I think Nifty will go up upro 100 point because sgx have a strong support zone from here and currency make resistance..
In my opinion I currency move to 81.3500 so sgx nifty also cross 18100 level and in Indian market Nifty will come to...
There to difficult to understand behavior Then whether it is of human or of market?
The mood of market for tomorrow by the comparison USDINR TO NIFTY 50..
USDINR is show down from its make a side way move ..
Is NIFTY follow this pattern then we see Nifty also is side way in tomorrow trading hours between 18100 to 18150...
The pair came under continued selling pressure. While the pair attempted to scale higher of 81.88 levels, it got sold-off again. The crucial support at 81.10 also gave up. The momentum is likely to continue and any pull back towards the trend line resistance at 81.80 and 82.20 is likely to see selling pressure. Break below 80.90 can trigger further stops being...
The pair displayed its characteristic move once again. It holds on to a smaller range for longer time and suddenly slips or triggers higher. The break of 82.45 triggered a technical sell-off which saw further momentum taking the pair to the next major support at 81.10. The momentum is likely to continue and any pull back towards the trend line...
USDINR: it used to trade with 97% precision in regression channel trends,
which is now decisively broken.
The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions.
only believing charts, I would be comfortable having a short stance for target 79.95
USDINR is stuck in a range for last few weeks. Both price and RSI are oscillating in a narrow range. This price action would lead to sharp one-sided move on a successful breakout.
On downside, the target is around 81.90 and on the upside the target is around 83.30
The pair finally broke the narrow range of 81.55-82.92 during last week. As expected possibilities of decent supply or lack of aggressive buying has resulted in the prices easing toward 82.30 which is another crucial level being the trend line support. Only a daily close below 82.30 would suggest further correction towards 81.90. Deeper corrections cannot be...
The pair moved in a range of 81.55-82.92 during last week. The top at 82.96 remains same for the past 2 weeks there by making this a Tweezer top. There are chances that there could be stronger supply coming in at close to 82.95 and that the fresh flows could make the pair drift towards 82.44 and then to 82.10 support. Only a daily close below this would suggest...