USDINR - 31Dec2021
On the H4 timeframe, price have achieved the h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.78.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 30Dec2021
On the daily, price have confirmed below 50MA and breakout trendline. Need to wait and see whether it confirm below on the weekly timeframe.
On the H4 timeframe, price broke down from the important support level at 75.00 area. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.00 before going down further.
There...
USDINR - 29Dec2021
On the H4 timeframe, price is currently at daily/weekly support level. But it broke down from the important support level at 75.00 area yesterday. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.022 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal...
USDINR - 27Dec2021
On the weekly, price has pulled back to previous breakout level where it is expected to act as a major support at 74.8440. It is also at daily 50MA.
On the H4 timeframe, price dropped to 200MA 1st Support at 74.9360 which is also a daily support. We could expect a short-term bounce to resistance at 75.3170.
This is for personal record...
Short term BEARISH trend 🐻, and
74.58 level is deciding factor for next trend.
Trade according to the levels. These targets works best for monthly positional traders, not for day or weekly traders (options traders).
USDINR - 24Dec2021
On the H4 timeframe, price dropped to 200MA. It is also the previous breakout trendline. With Stochastic at support level + previous supply and demand zone, we could expect the price to bounce to 1st Support at 75.3550.
This is for personal record purposes only, not financial advise or solicitation of trade.
broke the previous supports on 4 hr timeframe
wait for retest and once breaks below again can short as shown by arrows
this is only my view and not recommendation
USDINR - 23Dec2021
On the H4 timeframe, price dropped back to 1st Support at 75.32 which is also a daily support. We could expect a short-term bounce to resistance at 75.6370.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 22Dec2021
On the daily, price is on 1st Support at 75.32 we could expect a short term bounce from here.
On the H4 timeframe, price dropped to 1st Support at 75.32.
Market structure have also changed to lower highs and lower lows. Since price is at daily support, we could expect a short-term bounce from here.
This is for personal record purposes only,...
USDINR - 21Dec2021
On the H4 timeframe, price is at support around 75.70. We could expect a short-term bounce from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 20Dec2021
On the weekly, price faced bearish pressure from 1st Resistance at 76.40 as expected. We could expect the price to pull back to at least 75.83. It is also worth noting that USDINR is currently moving inversely of DXY. If DXY strengthens, USDINR drops.
On the H4 timeframe, price is coming into support area at 75.8665. We could expect a...
USDINR - 17Dec2021
On the H4 timeframe, price faced bearish pressure from 76.41 zone. With Stochastic still at resistance area, we could expect price to face more bearish pressure and pull back to 1st Support at 75.8665.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 16Dec2021
On the H4 timeframe, price have bounced to 1st Resistance at 76.41. With Stochastic also at resistance, we could expect price to face some bearish pressure and pull back to 1st Support at 75.8665 at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
Hello and a warm welcome to this analysis on USDINR - FED meet coming up later tonight.
It is currently trading at the upper end of a diagonal channel. It has a Bearish Three Drives Harmonic Pattern coming up with a PRZ near 76.75. Expecting it to cool down from there and likely retest the lower end of the channel around 75.25. The view negates above 77
USDINR - 15Dec2021
On the H4 timeframe, price have finally bounced to 1st Resistance area around 76.156. With Stochastic also at resistance, we could expect price to face some bearish pressure to 1st Support at 75.562 at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
Hi everyone! In the previous idea I expected growth after a figure a triangle, but it did not take place. Now USD/INR pair reached the trend line again on the week chart which the price repeatedly beat off. Now I expect price movement to level 1.618 according to Fibonacci up (also as happened to USD/TRY). It is confirmed also by technical indicators. Also I marked...
