FX_IDC:USDINR Breakout Daily Chart watch closely for a test of the horizontal line. The USD/INR exchange rate is important to the U.S. stock market because it affects the cost of investing in Indian stocks for U.S. investors. When the USD/INR exchange rate is high, it means that it costs more U.S. dollars to buy a given amount of Indian rupees. This makes Indian...
Indian appeared to have been having success in driving down inflation of late, with CPI falling back from over 7% to 4.8% in the past year. However, the 7.4% retail inflation rate announced today provides a dramatic shift to the landscape, marking the highest rate in 15-years. That has been largely attributed to food prices, which is so heavily weighted that it...
After a very good upward rally, for the past few months the USDINR pair is consolidating in a very tight range. If seen on a higher timeframe it forms a bullish flag&pole. Today it has given the breakout and it is a very good opportunity to go long in the script. The target levels and the SL are marked for your reference.
USDINR - Real painful time
Time Frame - WEEKLY
USDINR - already its runnign above channel frame however still hopes for weekly closing along with last major Resistance Zone 83.64
Closing weekly above 83.64 than Ready for next journey towards 85 87 89++++
Disclaimer - view Just for educational purposes.
The Indian rupee has been battling and facing turmoil against the dollar since more than two decades now.Despite the changing monetary rules and policies, the Indian currency has been facing a downfall when compared to the dollars. The current rupee value against US dollar changes every day, due to various reasons that affect Indian rupee.
Global economic...
USDINR pair has our attention.
Its peers are already losing enough value. Currencies like RUB, CNH, BRL, ZAR have started feeling the pressure of the mighty US Dollar.
We expect USDINR to make new highs.
Target is above 85.
-Signalwyse Team
USDINR has been trading in the 83-80 area since October 2022. The USDINR has been consolidating for nine months and is on the verge of breaking over the 83 barrier. If it breaks over 83 per USD, the pair might go to 86 within 6 months. When the rupee reaches 86 per USD, the Indian central bank may interfere. The ultimate target for Primary Degree Wave 3 may be 90...
if usdinr crosses 83 level then heavy sell off will be seen in equity market, if it comes down and remains in range then the market will consolidate/mild bullish, if goes below 81 then a new rally will be seen.
seems like a bullish ascending triangle in play but i think can still go either way depending on US inflation and macro-economic factors incl future fed decisions. Thoughts? #INR
FX_IDC:USDINR price is currently overbought on RSI and Bollinger Bands along with at a major resistance area. I believe price will fall to the bottom of the triangle. It is breaks the resistance zone, I will be looking for a retest before it continues to rise.
The Rectangular Pattern in Wave IV suggests that the USDINR may rocket higher towards 86 before the end of the year. Because of the barrier rectangle pattern, the pattern is quite bullish.
Recent market trends suggest the possibility of a potential rise in USD INR in the near future, accompanied by significant market fluctuations. It is important to note that the USD INR has been in a consolidation phase since October 2022, forming a flag pattern, which could indicate a prolonged movement ahead.
While there might be opportunities for going long in...
Hi traders,
Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.
The risk : reward ratio is 1:3 which is a good trade.
Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.
The ascending triangle pattern in a weekly timeframe is still active, last 2 days(24 & 25 July 2023) was a SL hunting.
The FED news will impact the INR, making USDINR to be bullish.
4H time frame : Inverted H&S pattern, neckline has broke and the target is 82.8210. This is for a aggressive traders
D time frame : Daily candle has to close above the LH level 82.2025 for the conservative traders.
Weekly time frame : The Ascending triangle is still valid pattern.
Have explained the Protective PUT strategy for those with the lesser capital and...
The US dollar has been on the rise late, with equity market weakness translating into a upside for havens such as the greenback. For USDINR this has brought the currency pair back up into a major historical resistance level that could yet cause a significant breakout or reversal. The key line in the sand comes in the form of the prior swing-high at 82.79. A break...
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USDINR Weekly Flag and Pole
Upper Triangle Bullish Pattern
Going to take retracement from 50 EMA
wait till break out 25 Dec 2023
81.917 to 83.285 Range
