Forecast
BTCUSD a new impulse growth or completion of IHSThis is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold zone
2. EMA 20 line which was a resistance after Moving Averages intersection became a support which is great for short term
3. After consolidation the price went up again which can be evaluated as 0-1 Impulse wave and the most important is that it bounces above the critical area where this assumption will be rejected.
Conclusion: if the price manages to bounce above $4 200 then we will have a new 5 impulse growth waves. Otherwise previous analysis holds and there should be movement to finish IHS
USDINR Four Hour Chart Dragonfly Doji appeared at bottom USDINR Four Hour Chart Dragonfly Doji appeared at bottom
it can kick up USDINR to 70.50 till EOD.
USDINR Four hour chart seems bullish Bearish flag broken to up.USDINR Four hour chart seems bullish Bearish flag has broken to upside.
Sentiments: Crude oil up 46.33 by +0.1%, Brent oil up 54.75/+0.1, Natural gas up by +2.43%, US Dollas index up 95.80/ +0.08%, EURUSD up 1.146/+0.14%, JPYINR up .6312/+0.40%, GBPINR up 89.012/ +0.26%, EURINR up 80.4630/ +0.46%, USDINR up 70.18 /+0.08%.
Technical buy signal, bearish flag has broken to upside,
Fundamental: Nifty 50 down by 175.50, Bank nifty down 380.70, Sensex down 576.50, India Vix up 15.56.
USDINR can reach 71..?
Bearish Flag on USDINR Four Hour ChartBearish Flag on USDINR Four Hour Chart.
Guess the target for downside 69.50-30??
Darn!! Looks like USDINR will hit 69.50 againDarn!! 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 a dip dive people are having fear of over supply - demand. US Dollas Index which people call it safe heaven doing it's things.
USDINR four hour chart looks bullish Long 72.30 TargetUSDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
Let's DiscussLet'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 communicate with your each point.
Short USDINR Target 71.32 short termShort USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
USDINR Target 72 short termUSDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
Just let you know USDINR in a critical support zone Short again Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week.
Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR.
All Jhingalala (:
USD/INR Long Opportunity From 72.8000 USD/INR long From 72.8000
Target Point 74.3000
Stop Loss 7250
Stay Tuned.......!!
Learn Here , Earn EverWhere
DHFL Q1 profit up 35% to Rs 435 cr Strong results and equally good charts.
i will be opening an additional position in it.
last leg of correctionBluedart is very close to completion of its downtrend.
But for now i will short it with redlines as targets.
Nifty get ready for a pullbackTrend line is from 2009
Nifty is looking good for retracement on multiple indicators.
USD INR USD INR spot 65.44, from last 2 months market was ranging from 64.70-80 to 65.30-32, in between two months it’s try many times to break this 65.30 level. Next resistance @ 65.62 and then 65.80-90. Now support at 65.20-30.
USDINR weekly chart studyUSDINR is all set for a breakout. 65.00 is going to be important support.
Buy USDINR above 65.60
T1: 66.30
T2: 67.00
T3: 67.80
T4: 68.50
SL: 64.60
USDINR(OANDA): Buy @ 64.980 SL 64.566 TGT: 66.10Buy USDINR on OANDA at 64.98 with SL 64.56 and Target of 66.10
