U.S. Dollar / Indian Rupee
FX_IDC:USDINR Analysis on 12th December 2022 >Wave Count - Possibly Beginning of Correction Wave C on bigger cycle. >Strength - Between the both the tops shown in chart there is a Berish Continuous Divergence.
USDINR 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...
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inr,shiba inu targets, lets do it , shiba to the the moon, boos. hold shib.
Buy around 72.50-72 sl 71 TGT 78-80 Disc - it's not an advise to buy or sell
Parallel channel breakdown
Long... .... INR will be weak in the coming days.... Target- 78 .... .... Comment your Views... .. plz, Support the idea by clicking LIKE button... .. Thank You, @VishwajeetSharma
The first leg of irregular correction has started to appear from 77.01. Now a trading opportunity is visible on price charts which can drag prices lower to: i) 74 being 100% extension of wave A in an ideal case ii) 73.22 being 138.2% extension of wave A in most cases iii ) 72.70 being 161.8% extension of wave A on rare occasion A break below 75.40 would provide...
INR will be weak in the coming months. Target expecting beyond 84.
The USD/INR on the weekly chart is forming a wedge pattern. 68.2 is also a key support for USD/INR. If the wedge breaks out on the upper side then it can go till 70 as of now.
NEW ALL TIME HIGH MUST BE INCOMING IN USD INR ...THAT MEANS BAD ...WORSE FOR INDIAN ECONOMY ..I ASSUME TILL END 2019 WE CAN SEE NEW ALL TIME HIGH IN USD INR . THAT MEANS I WILL HEDGE MY ASSET VALUED IN INDIAN RUPPEE ..INTO DOLLAR OR WILL LONG THE USD INR PAIR .
USDINR seems to be forming irregular flat and is expected to take prices above 70.50 in wave C. Further confirmation for the move can be seen when prices starts moving above 69. The supports of 68.20 are expected to be held in this up move.
The currency pair is moving in corrective structures and is expected to extend the fall towards 69.30-69.35 range and then moving higher towards 70.40-70.45 in next one to two weeks.
Possible target for the short is 67 area and If breaks above 72, this plan will fail.
USDINR is riding slowing on a bull trend with an strong support at ₹69.13, 69.001 and 68.47 Whenever it touches any of the support don't panic and wait for it to give a closing price of the day. If it below then it is still in bear trend. Otherwise, taking the (SL) of ₹69.06 with the target of 69.70 and 70.20 in coming days.