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...
Both Low Same in Globle Index Globle Index Near Trading Support Zone
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.
NR has fallen off the cliff vs DXY starting sep end and coming off some extremely oversold readings Overdone IMO. Expecting INR strength on mean reversion
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...
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
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...
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...
This analysis not suggest buy and sell any decision , if you take decision this is your responsibility .
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...
This only today prediction.. In the chart you can clearly see Nifty reddy to go down from here with aproxx 38 points
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 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. Please like and follow for future updates. Thankyou.
Disclaimer: The 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...
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...
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...