USDINR - 24Nov2021USDINR - 24Nov2021 On the H4 timeframe, prices pulled back from the resistance yesterday. With price unable to close above daily MAs, we need to be cautious with USDINR on the upside. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USDINR - 23Nov2021USDINR - 23Nov2021 On the daily timeframe , price remain below 2 MAs. We should be cautious with USDINR on the upside as long as price is below these 2 MAs. On the H4 timeframe, prices broke above to the descending trendline. We could expect further upside to 1st Resistance at 74.585. This is for personal record purposes only, not financial advise or solicitation of trade.Longby TTMFS1
USDINR - 22Nov2021USDINR - 22Nov2021 On the weekly timeframe, price found support near 74.00 and bounced but it is still below 2 MAs. On the H4 timeframe, prices bounced back to the descending trendline. If price can close above the descending trendline, we could expect it to swing towards 1st Resistance at 75.555 easily. This is for personal record purposes only, not financial advise or solicitation of trade. by TTMFS0
Some basic chart patternIt is important to follow the chart pattern, it might give you the best entry and exit without the use of many indicators with higher chances of winning trades. Look at the pattern I have drawn from the 1st of October 2021 to now, I hope this might help you in your analysis. Thanks Ravi Shankarby rshankar202951
USDINR - 18Nov2021USDINR - 18Nov2021 On the H4 timeframe, prices faced bearish pressure from the descending trendline and dropped. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.Shortby TTMFS0
USDINR - 17Nov2021USDINR - 17Nov2021 On the H4 timeframe, prices are facing bearish pressure from the descending trendline. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.Shortby TTMFS0
USDINR - 16Nov2021USDINR - 16Nov2021 On the H4 timeframe, prices are facing bearish pressure from the descending trendline in which we could expect it to drop to1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.Shortby TTMFS1
USDINR - 15Nov2021USDINR - 15Nov2021 On the daily time frame, USDINR failed to continue its bullish momentum after a failed breakout 2 weeks ago. Last week price action also closed below 50MA indicating potential further downside. On the H4 timeframe, prices have played out in the previous H&S perfectly. Now it is facing bearish pressure from the descending trendline in which we could expect it to drop to1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.Shortby TTMFS2
Exit from a triangleHi everyone! As I noticed earlier, it was necessary to wait for an exit from a triangle. And so now an exit from a triangle took place up. Therefore using length of the widest part of a triangle and also Fibonacci's stretching. We receive the purpose about 77.50. Purchase at the current price. TP = 77.50 Information provided is only educational and should not be used to take action in the market.Longby Yuriy_KuznetsovUpdated 1
USDINR - 29Oct2021USDINR - 29Oct2021 On the H4 timeframe, price is still playing out h&s neckline in which it could face further bearish pressure to 1st Support at 74.5860. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh665
USDINR - 28Oct2021USDINR - 28Oct2021 On the H4 timeframe, price is still below the h&s neckline in which it could face further bearish pressure to 1st Support at 74.6950. If price closes above the neckline, h&s will be invalidated. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 27Oct2021USDINR - 27Oct2021 On the H4 timeframe, price faced bearish pressure from the resistance yesterday. H&S still in play, we could expect it to continue downside to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 26Oct2021USDINR - 26Oct2021 On the H4 timeframe, price continued to bounce higher with limited upside. If price close above 1st Resistance at 75.1800 today, h&s will be invalidated. For now, we could expect it to pull back to 1st Support at 74.695 This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh3
USDINR - 25Oct2021USDINR - 25Oct2021 On the daily timeframe, USDINR finally bounced from 20EMA and 1st Support at 70.6950. It is now at previous breakdown area at 74.940. On the H4 timeframe, price bounced back to the resistance level. It has now rebounded to neckline of h&s , price target around 74.075. For today, we could expect it to face bearish pressure and dropped back to 1st Support. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 22Oct2021USDINR - 22Oct2021 On the H4 timeframe, price broke down from h&s , price target around 74.075. For today, we could expect it to bounce back to 1st Resistance at 74.99 before dropping to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh111
USDINR - 21Oct2021USDINR - 21Oct2021 On the H4 timeframe, price broke down from triangle pattern, price target at 74.075. For today, we could expect it to bounce back to 1st Resistance at 74.99 before dropping to 1st Support at 74.6950. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 20Oct2021USDINR - 20Oct2021 On the H4 timeframe, prices are consolidating sideways inside a triangle pattern. Need to wait out for which direction it will break out before determining the direction. This is for personal record purposes only, not financial advise or solicitation of trade. by benson.yzh0
USDINR - 19Oct2021USDINR - 19Oct2021 On the H4 timeframe, prices faced bearish pressure just below 1st Resistance and dropped. With the DXY weakness, we can expect it to pullback to 1st Support at 74.695. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 18Oct2021USDINR - 18Oct2021 On weekly timeframe, price broke out of descending trendline and swung towards 1st Resistance before pullback below 23.6% Fib retracement support but was not able to confirm above. We could expect a short-term bounce before a deeper pullback this week. On the H4 timeframe, prices held support. We could expect a short-term bounce to 1st Resistance. This is for personal record purposes only, not financial advise or solicitation of trade. Longby benson.yzh0
What is FX trading & how does it work?In this video, we talk about forex trading and how it works.Education15:40by MarketsWithKR6
USDINR - 15Oct2021USDINR - 15Oct2021 Today is India Mahastra holiday. On H4, price dropped to strong 1st support. We could expect a short-term bounce at this level. This is for personal record purposes only, not financial advise or solicitation of trade. by benson.yzh110
USDINR - 14Oct2021USDINR - 14Oct2021 On H4, price dropped to support. We could expect further pullback on the USDINR to 1st Support today. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0
USDINR - 13Oct2021USDINR - 13Oct2021 On H4, USDINR swung towards strong 1st Resistance at 75.600. We could expect it to pullback to at least strong 2nd Support at 74.98. Stochastic is also at resistance where previous drops occurred. This is for personal record purposes only, not financial advise or solicitation of trade. Shortby benson.yzh0