USD/INR appears to be within a sideways corrective. Appears like one more dip before it starts another up move. FM could give a short term boost to INR/Banking today in her budget speech
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IT IS CLOSED ABOVE TRENDLINE ON CLOSING BASIS AND ONCE TOOK SUPPORT ON IT TARGET IS GIVEN FOR LONG STOP LOSS IS 71.049
USDINR NEXT MOVEMENT .....
Long USDINR as per Data formation and chart
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
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!