Seems to be bearish right now on daily basis breach below 69.3level will be taking it to the level of 69 and 68.5 and then we can see a likely retracement as per the descending triangle on a bigger picture
can take 2-3 weeks to show a negative candle. if candle close below the 1.36538 than go short . profit and stop loss targets are given in the chart. it will be a long term trade.
Bearish Flag on USDINR Four Hour Chart. Guess the target for downside 69.50-30??
Darn!! Looks like USDINR will hit 69.50 again Technical: There's a bearish flag pattern has formed after a dip down from it's crucial support zone at 71.60. Fundamental: Fed rate hike was a big hype and dubious for market speculation. unfortunately Nifty could not able to make it 11k and still struggling at support zone 10850. Crude oil trying to come up after...
Let's Discus. I have been tracking USDINR since august. I am smol and I'm not a professional. I trade all F&O, Equity, Commodity and Currency. I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals. Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to...
As per Technical and chart pattern there's a strong support at 71.50 it can bounce back for the next level target of 75-76. but tomorrow we may see more recovery in USDINR if RBI and Government meeting favored fundamental or it can took sharp up move for USD. Let's see tomorrow what happens
I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
Learning purpose only. Chart self explanatory
USD/INR - levels mentioned in chart
The S&P500 seems to have tested the upper channel of the bullish range. It should correct to 2450-2600 soon. Anything below 2400 would be a change of trend from bullish to bears taking charge.