USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium. 83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107. Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that...
I daily make educational content videos for swing / positional trading
The weekly chart of the USD INR is the ascending trangle pattern formation: In the techanical view the probability of the brackout is high as compare to the brackdown. Currently the crude price hike, this is negative effect the USDINR Next year is the election, previous chart patter show election year Rupee is fall Foreign investor sold the indian market
Buy USDINR At Cmp - 82.68 & On Dips To 81.6 SL - 80.4 ( Weekly Closing Basis ) Target - 93
Since Oct 2022, USDINR first time gave breakout today. We can see volatility in coming days.
Rupee is gearing up for move if dollar index starts closing below 99 then rupee will move towards 80 & 78. If dollar index move towards 104 then rupee can give more above 83 towards 85 & 87 then Bank Nifty also take back seat & IT sector move. Trade with stoploss & happy trading.
ANTICIPATION OF FED DECISION The Federal Reserve is meeting this week to decide on a potential interest rate hike. While analysts agree that the central bank will maintain its rates for the first time since March 2022, investors are focused on the tone of the announcement. If the Fed hints at further rate hikes later in the year, as many predict, oil prices could...
This is the plan of USDINR breakout for next upcoming seasons according to price action advanced analysis upcoming target of this currency pair apx is 6-7% in one month
USD INR chart seems to be ready for a rally. Breakout from the Symmetrical Triangle. Can we see 85 ?
Initial targets of USDINR on breakdown in dollar. High volatility can be expected - pyramiding will be best approach Use Discretion!
This is my first public prediction for the equity and it is my view on this stock to go up. This is for education and knowledge. Note: There is a HAMMER AND INVERTED HAMMER candlestick pattern on the 50 day EMA. Downmove of 40 point before making of this pattern. And a Strict Stoploss as shown in the Chart.
From Price Action, data etc its very clear 82.50 is acting as support and 82.75 and 83 as Resistance for rest of march 2023 month...... I think before march expiry 83 will be tested at least once !!!!!!
as on 10 march closing usdinr price is at multi month support line, friday RBI FX data indicated RBI bought 2.5 Billion dollars. so till this support line holds one can buy usdinr for Target of 83. Pattern looks ascending triangle till now. on 13th march opening and closing price is above this trend line then we can see 83 in march 23 for sure.
USDINR hovering between the marked suppy demand zones as per present price action.
I am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of...
1st BUY 82.02 (30% of your capital) 2nd BUY 81.73 (30% of your capital) 3rd BUY 81.43 (30% of your capital) A margin call of 10% must be maintained. Note: Only buying (long FUT or Monthly CALL) is recommended here; no shorting or bearish trend is recommended; almost all events are happened so strong naturals (above > 82.39); do not buy weekly CALL options and...
Please keep in mind that this is only for futures and positional traders. You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3). There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible. It is important to note that this view is for the next three months...
I daily make educational content videos for financial markets