Despite srabotnanny SL in the last idea, I consider that height of vapors of USD/INR will proceed. Now the price reached the trend line on the week chart from which the price many times made a start. I set as the purpose on this idea a price maximum.
TP = 76.97
Information provided is only educational and should not be used to take action in the market.
USDINR - 19Jan2022
On the daily, price bounced and close back above the 20EMA and 200MA. With such bullish momentum, we could expect it to bounce higher to 1st Resistance at 74.780 today.
On the H4, price has consolidated and ready to push up higher to 1st Resistance at 74.770. With Stochastic at resistance, it might just consolidate sideways and wait for...
Target 20% drop- Stay tuned
Remember this is the SENSEX divided into INRUSD
First target 640
Intermediate 560
Final 480
Markets needs a retracement to at least 200 EMA.
Higher inflation than expected will hurt EPS
USDINR has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes.
In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support...
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USD INR is at a critical support level following a long running trend-line. Expect a reversal from this level in a couple of days to find good positions to enter.
USDINR - 27Jan2022
On the daily, price bounced above 50MA and is now coming into ascending trendline + Fib resistance. There might be a pull back today.
On the H4, price triggered a inverse h&s with upside target around 75.60. But daily and Stochastic is at resistance, therefore we could expect USDINR to have a short-term pull back today before bouncing...
USDINR - 25Jan2022
On the daily, price is flirting with the 50MA resistance.
On the H4, price bounced to potential inverse h&s neckline around 74.65. Will be monitoring closely the price action at this level to see whether the inverse h&s will play out.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 24Jan2022
On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure.
On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we...
USDINR - 20Jan2022
On the H4, price had a fake breakout and flirted with the 74.70 resistance area. With the deeper pull-back playing out in the H1, we could expect price to pull back lower to 1st Support at 74.1150.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Jan2022
On the daily, it is bouncing back to retest the 200MA where it is expected to face strong bearish pressure at around 74.400
On the H4, price has flirted with the strong resistance level around 74.40. It is expected for the price to at least pull back to 1st Support at 73.970.
This is for personal record purposes only, not financial advise or...
USDINR - 17Jan2022
On the weekly, price dropped to 50MA before bouncing back. On the daily, it is bouncing back to retest the 200MA where it is expected to face bearish pressure around 74.400
On the H1, price played out the triangle pattern perfectly to 74.2250. On the H4, with the consolidating taking place, there could be a possibility of bouncing up to daily...
DATE: 16 JAN 2022
INSTRUMENT: USDINR
TREND: SELL
TYPE: HIGH RISK.
TIME FRAME: DAY
CMP: 74.108
Sell Below: 74.049
STOP LOSS: 74.150
TGT 01: 73.976
TGT 02: 73.765
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible...
USDINR - 14Jan2022
On the H1, there is a small triangle breakout with upside target to H4 1st Resistance at 74.2250. As long as price does not close back below the triangle descending trendline, we can expect the target to be achieved.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 13Jan2022
On the H4 timeframe, price tried to bounce before dropping back to previous lows around 73.75. As the bounce was not convincing enough, we could expect USDINR might go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
IDC
