The pair moved in a range of 81.00-81.83 during last week. However, the Monthly candle confirms the trend reversal. We can safely assume that the top at 83.10-83.30 is expected to hold for the current month and possibly till the year end. The closer resistance at 81.80 itself is likely to see good amount of supply. We are witnessing demand driven by lower crude...
After a sharp recovery in the previous week the pair was traded in a narrow range of 81.44-81.93 during last week. However, the Monthly candle confirms the trend reversal. We can safely assume that the top at 83.10-83.30 is expected to hold for the current month and possibly till the year end. We are witnessing demand driven by unhedged exposure getting covered....
on a bullish impulsive wave we can see there exist a Hidden Bullish Divergence with MACD which is the sign of trend Continuation, followed by a Milled Bullish Divergence
there total of 2 Targets Defined by Fibonacci projection,
79.50 Rs seem to be a good target for the end of 2021
USDINR- CMP 82.81
Today's High 83.20
It's seems like if USDINR manage to hold this high.
We may see some selling/ profit booking in coming days.
On other side if it's sustains above 83.00-83.30 levels, then it's possible that it can move up-to 85.00 levels in coming days..
if we take a look at btc against the countries which traded the btc mostly.
to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies.
CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will...
The points outlined in the chart suggest a bearish outcome over the next several candles. The target is approximated by extrapolating the Cosmic Gravity resistance channel bottom and the stop is set a its extrapolated top. However as stated in the chart's blue (bullish) bubble, if the price breaks above the resistance channel it will necessitate a reassessment...
First, I love India and the Indian people. I made an analysis for the Indian rupee and I think it is on a very important level now. You see the huge rising channel, in which a small falling one is formed. I have indicated the important levels on monthly and weekly charts, which were just hit. We saw a strong rejection from these levels, which...
Hello traders Indian ruppee is heading to support level, and respecting trend lines, we know that dollar weakened today, which helped to give value to the India rupppe, but the news is that the usd will strengthen once the price heads to the support level.
as per my analysis, FX_IDC:USDINR has created its top, my view is to short USDINR from current levels.
Stop loss will be only 83.5800 and my down side target will be 80.910.
Note: This is my personal analysis, only for learning.
USDINR - My bet will be in Long side for a target of 84 in 3-4 months positional trade. In short term it will be having strong resistance at 82.4 and will consolidate for few days.
Currently it is making flag pattern on daily chart with high probability of going higher in few trading sessions.
USDINR has been in bullish upwards trend channel for last 4-5 years and has been consolidating sideways since Mar 2020. If it manages to close above 76 in next 2-3 months, it will be big breakout and soon we can expect it to reach 80-81 by Aug 2022 or earlier. Globally all countries are printing money and weakening the currencies and with all uncertainty around...
RSI Daily TF strength is declining
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Information shared by me here for educational
purpose only. Please don’t trust me or anyone for trading/investment
purpose as it may lead to financial losses. Focus on...