USD INR corrected heavily . The Trade deficit eased because of low crude oil price. But the crude oil will not stay at these levels and it will gain 50$ level no sooner. And Fed to increase interest rates this year we can expect much action ahead.
The pair is holding the channel as support since 02-2015 very well.So this is a opportunity to go long
USD looks very weak against INR.
Trend has reversed in USD/INR and my big prediction is USD will fall to 62$ in next 2 years.
DISCLOSURE: I DO NOT HAVE ANY POSITIONS IN USD/INR CURRENCY PAIR.
DISCLAIMER: THIS IS JUST MY PERSONAL VIEW BASED ON MY ANALYSIS AND I DO NOT TAKE RESPONSIBILITY OF ANY LOSSES INCURRED(IF ANY) BY ACTING ON ABOVE INFORMATION.
USD looks very weak against INR & Trend has reversed. My Big Prediction is USD will fall to 62$ in next 2 years.
DISCLOSURE: NOT HOLDING ANY POSITION IN USD/INR CURRENCY PAIR.
DISCLAIMER: THIS IS JUST MY PERSONAL VIEW BASED ON MY ANALYSIS AND I DO NOT TAKE RESPONSIBILITY OF ANY LOSSES INCURRED(IF ANY) BY ACTING ON ABOVE INFORMATION.
It's a big day for INR today, after consistent loses against dollar, Monday morning has nothing positive to offer given the subdued global sentiment. Yes, all eyes will be on the Union Budget which Finance Minister Arun Jaitley would present around 11 am.
The key focus would be on Corporate tax reduction, increasing service tax rate, some steps towards GST...
Confusion among traders !! In between channel !!
MACD falling ! !
RSI also has peaked and on other hand very poor data with from the US is forcing traders to cut longs on DXY !!
SHORT : USDINR
LONG : NIFTY
USDINR which is currently near the range of 67.60-68, seems now trend is about to change in near future. We see this currency taking a dip till 52.80 and much lower till 38.40 in time to come. Seems USD is gonna be killed across the globe. This currency might take hit for all the globe currency. So be careful in USD long with any pairs.
Correction looks to median levels of 67.17 in coming week, Andrews Pitchfork, MACD, RSI pointing downward trend however stop loss should be 68.18 to present levels.
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD .
China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move.
This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend.
Can...
Bonjour,
Someone is really trying to protect the 67 handle. My guess it's someone with deep interest that the exchange rate for this pair doesn't pierce above that level ... maybe then they'll lose a lot of money.
This pair has been in this ascending channel for quite some time ... are we going to see profit taking and a break of that channel or will it provide...
USDINR has been taking its support at this 4 year trendline support (in green) !!
It is getting difficult for INR to depreciate against dollar i.e. difficult to climb up !!
Are there signs of a major turn around -- where USDINR breaks this support !!
If this happens that would make the Stock Markets to jump up and a correction in IT & Pharma Companies !!
Till...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS.
India has felt its share of...
Not a famous pair, but a potential opportunity, nevertheless.
1.5 Year Consolidation, Inverse Head and Shoulders Pattern, at 50% retracement,
Neck_line resistance.
Price broke out from Down_Trend Line, and may be completing a potential AB=CD, short term Overbought.
Long(IF), Potential brake_out, holding above 64.0800 and retesting of the Neck_line(becoming...
Bearish XABCD Pattern:
Short Level Entry - At point D.
Zone of 63.20-63.46 is good for short entry.
However Check for confirmation from other indicators like MACD & Parabolic SAR.
In trade try to turn odds in your favor & take confirmations from other indicators.
TP1 = 62.05
TP2 = 61.33
SL = 63.77
