Midterm forecast: While the price is above the support 0.7080, beginning of uptrend is expected. We make sure when the resistance at 0.7380 breaks. If the support at 0.7080 is broken, the short-term forecast -beginning of uptrend- will be invalid. We will close our open trades, if the Midterm level 0.7080 is broken. Technical analysis: The RSI bounced from the...
USDINR may break long consolidation zone
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic...
USDINR's Market structure are in complete bearish mode.
Darn!! Consolidation bull flag has broken to up. After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=139.55. TP4: R2=140.1. Set the stoploss of these orders at breakout of S2=138.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Nice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7155. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.72. TP4: R2=0.724. Set the stoploss of these orders at breakout of S2=0.7145. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDINR it is a complete reversal. if it breaks 70.50 then 71.50 easily possible I think.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125. TP4: R2=125.25. Set the stoploss of these orders at breakout of S2=123.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDINR four hour chart looks bearish.
USDINR Four hour chart looks bearish. Indicator Darvas box
This 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...
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 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...
USDINR 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
Short 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.