Eye on longer timeframe for USDINR.Look t the momemtum of moving upward. Expeccted downward move from approx. 13 APRL 2020 . The speed or momemutm which these currencies are going up is expected to fall at the same speed.
Currencytrading
While all are busy with Nifty and stocks we must not ignore thatWhile all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again.
20200121: USDJPY: BUY at 109.816Consult your finance adviser before Investing
Buy at 109.816
Stop Loss at 109.765
Target of 110.030
Dollar Index: Multi month high continues to hold..On the charts, we find that the MACD is gradually heading higher as prices continue to consolidate with favorable tailwinds leading to strengthening of the greenback. Prices are now rising to challenge the strong resistance developed at 100 levels. This was the top recorded back in Mar 15 and again in Nov 15. Through the first half of the year the prices have remained largely contained but the upward thrust seen in July has now generated a new wave of bullishness. It is obvious that the Dollar bulls are quite dominant and now , are beginning to push ahead. With the currency basket sustaining higher levels it could set off moves across different asset classes in the near term. Immediate supports continue to be around 97 while the upside could test its previous highs in the next few months. A breakout or a failure to do that would both be equally important technical events at this juncture.
USDCHF: BUY in BUY AREA with SL below RED LINEWonderful support on the STOPLOSS LINE. Buy in the Buying range area and wait the prices to reach 1.02609 with STOPLOSS Below RED LINE
EUR INR Correction DueShort trades can be initiated on EUR INR as correction is due after ~3 weeks of rally. Strict stop loss should be placed as it is currently trading above 200 EMA on daily charts. I'd recommend trailing your stop loss once it starts moving in our desired direction.
Expected Move for USDINR in upcoming daysHi Guys,
It looks like USDINR have made a bottom for now at around 68.25 and is willing to go higher. Expected move for USDINR might look like shown into the chart according to Support/Resistance and Fibonacci Levels.
USDINR UpdateHey Guys,
USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts
1. reaction in the upcoming months from the similarity of historical candles
2. From the combination of support resistance and Weekly charts RSI, It looks weak on the weekly chart so most probably can break the lower support level.
This is just my point of view, not financial advice.
Feel free to share your views.
Thank You
BUY USD/INR AT CMP 69.96 TARGET 1 70.18 TGT 2 & : 70.38 & 70.50Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-
EURUSD (FXCM): Buy at 1.13884, SL 1.13621, TGT 1.14680EURUSD on FXCM Exchange is a buy at 1.13884 with Stop-loss of 1.13621 and Target of 1.14680. Consult your financial advisor before investing.
USDJPY (FXCM): Buy at 111.047 with SL at 110.555 Target 111.677USDJPY is a Buy at 111.047, SL 110.555 Target 111.677
GBPUSD: SELL at 1.28600 with SL 1.29315 Target 1.25260GBPUSD on FX can be Sold at 1.28600 with SL of 1.29315 and Target of 1.25260. Its a good opportunity and has consistently taken resistance at down-trending line. Take advise from your financial advisor before investing.
USDCAD(FXCM): SELL 1.31700-1.31730, SL 1.32032, TGT 1.30468USDCAD on FXCM exchange is approaching its resistance down-trend line. Which opens a wonderful opportunity with a tight stoploss.
Sell USDCAD on FXCM exchange in the range of 1.31700 to 1.31730 with Stop-loss of 1.32032 and Target of 1.30468
EURINR: Buy@ 77.83, SL@76.94 T1@79.30 T2@81.20EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts we mention our observations on. This is purely based on Technical analysis any trade done on this analysis is purely be traders responsibility.
EURINR: Buy AT 79.15, SL:77.45, T1@82, T2@85, T3@92EURINR trading above Ichimoku Kumo and has just entered the cloud in Monthly charts. Trade BUY EURINR only at 79.15 with Stop-loss of 77.45 and Target1 @ 82, Target 2 @ 85 and Target 3 @ 92.
This analysis is on special request (Education preferably) and any trading done on this analysis should be taken after consulting your financial advisor.
JPYINR: Buy Above 0.62, SL:0.59, T1:0.63, T2:0.65, T3:0.69JPYINR is in strong uptrend in daily charts. Buy only above 0.620 with Stop-loss of 0.590 and Target 1 at 0.636, Target2 at 0.657 and Target 3 at 0.69
This analysis is posted on special request. Any trading done has to be considered only after taking advise from Financial Advisor.
usd/jpy short trade setupinitiating shorts in usd/jpy based on hourly chart trendline break
current price approx 106.930
aaprox target 106.720
USD INR CURRENCY DRIVE, INFI FOREX, FOREX RISK MANAGEMENT USD INR Spot at 64.01, IN this downward trend market is at 23.6 fibo level after testing the fibo level more than 50% 64.55 (If we see history 64.55 level tested many times as support or resistance now is expected that market would be ranging from 63.84- 64.42, in coming sessions, for Importers It’s Good level for hedge at 63.-80 to 64.20 “Best 64.00” , for exporters they are free to hedge for safer side hedge at 64.40 (30-40%), and 64.55( (30%).,..
EURO USD - BULLISH TERRITORYWeekly chart
30 ema / 200 ema crossover.
Series of HH and HL.
Previous powerful resistance broken.
Possible target over the next several weeks 1.40.
Look to go long in lower time frame on retracements.
Stoch 14,3,3 crossovers past pullbacks in daily chart can be used to build up long positions.
Do not short on any count.
USDINR- Amazing 67.15- U Turn from 67.15-67.41Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal.
Related analysis attached below for USDINR- How it turned from 67.15-67.41 zone- click the links below to get the charts & load the bars-to see how it moved
