U.S. Dollar / Indian Rupee
The USD INR brackout is negative for the import company & also the Fiscal Deficit increse, but this is good for exporting company: my view this brackout is not good for the indian economic.
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...
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...
Modi hai, toh munkin hai Bura ho covid ka jisne import ban kara diya. Nhi toh pura 100 ho jaata Thank you Modi Ji
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.