USD INR for FX_IDC:USDINR by Dinesh_C_Nagpal

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trendanalysis harmonicpatterns waveanalysis usdinr-forecast usdinranalysis usdinrstrategy currencies currencymarket harmonicgartley bullishgartley

USD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line ) could be retested.

https://bluechips4u.blogspot.com/2021/01/webinars-in-feb.html

Comments

On monday, 73.80? Will it be tested?

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Sam6301

@Sam6301, no, that would be expecting too much in currencies for intra day moves (unless an event comes up). 73.65 is an immediate resistance

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Dinesh_C_Nagpal

@Dinesh_C_Nagpal, if Dollar index moves high, and Mr trump signs off the relief 900bn bill... we might have the depricaition! Of the rupee

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Sam6301

@Sam6301, yes. DXY index is at crucial support

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Dinesh_C_Nagpal

@Dinesh_C_Nagpal, lets wait!! To see my position for USDINR is 73.82 bull.
Which i recommend that would take the loss and give up the position before the 29th contract ends.

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