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USDINR seems to be on BUY now for short term... Below are the trade levels... BUY @ 70.804 - 70.840 Target - 71.375 Once Target achieved please exit the trade.
Here we are tracking the 2020 macro map for USDINR, a high yielding EM currency. The expansion in volatility here will come from CB coordination, and being short USDINR which generally would also support a view for better risk appetite means it acts a great portfolio hedge for those looking for high carry. On the INR side, macro figures are starting to indicate...
USDINR READY TO BUY | BEST SETUP FOR BUY We are also Welcome to those people or new beginners who want to learn Forex From Beginning in English. ________________ Visit our Website: www.traderstrustedacademy.com We are making people self dependent from our Forex signals services with 85% Accuracy.. Great thing is that it's absolutely free. Join our group...
USDINR TRADE IDEA FOUND We are also Welcome to those people or new beginners who want to learn Forex From Beginning in English. ________________ Visit our Website: www.traderstrustedacademy.com We are making people self dependent from our Forex signals services with 85% Accuracy.. Great thing is that it's absolutely free. Join our group...
OANDA:USDINR Just a simple symmetric triangle. So the rupee is currently trading at 71.248 per 1 USD. It may go till level of around 69.5 to 70.5 levels and then shoot up to 72 and above. But this is a very very long term strategy. Just a learner so i may be wrong, please share any corrections or recommendations in the comment. Thank You
Market Commentary: If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend...
The Indian rupee look to witness weakness as Reserve Bank of India (RBI) kept the repo rate unchanged. Holding above 71.56 can see the bounce till 71.88 and above same can test 72.08 level again
Long term support at 70.40 Descending triangle being formed Price touching the top of the triangle If it breaks then go long or it can come back to 70.40 again
Its time to go ling since the level has reached to VAL i.e. 70.70 by considering the market profile from Aug to Oct till date. No issues, even if this has broken the POC support. But now VAL is the major and strong support. Yes, time to go long.
Since, USDINR is taking full strong support at 70.90 levels. Hence, one could go long once price reaches at this levels with the strict stop loss 70.60
buy on a pullback to demand which is also a support zone from the recent breakout.