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INR

USDINR By KRS ChartsDate: 3rd July 2024 Time: 7:40 PM Why USDINR? 1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF. 2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line) 3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line. Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish. But I will appreciate your views on this too, what you guys are thinking?
Short
by KRSCharts
4
USDINR - all time highs will be taken out in November?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 interested. TVC:US30Y quoting 4.945% looks exciting from a debt perspective ! -- A rising USDINR means the INR is getting devalued. Calendar year 2022 saw an erosion of 11.07%, YTD is only 0.61% - will the rising US yield + war in middle east further erode the Indian Rupee??
Long
by viswaram
USDINR Possible Elliott wave counts Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video post which is explained in best possible way for Educational purpose only. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Possible scenario Alternate scenario Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
by RK_Chaarts
6
USDINR multi time frame aligned Elliott wave counts analysisUSDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
by RK_Chaarts
2
Small Buying opportunity in Bank NiftyAll the levels are marked on the chart When the price comes to our point of interest (If at all ) --> One can short 41400 PE with (40000 CE as hedge to reduce margin) -->Entry level :41380 spot -->SL level :41300 spot Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating
NSE:BANKNIFTYLong
by Mo-Kri
BTC/USDT Hourly BreakoutBitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point. Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the broken trendline for bulls to act. In case of a fakeout Bears will enter and drag the price further down.
Long
by tradewidmufeeth
2
Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We have seen previously, sell of from these high levels in past. 3. ABCD harmonic According to these Rupee can test Neck of Harmonic, that can be around Rs75.5 4. Fibonacci Retracement If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days. Trade on your own risk and analysis.
by About_Bazaar