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.
Hey Guys, USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts 1. reaction in the upcoming months from the similarity of historical candles 2. From the combination of support resistance...
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.
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USD INR looks to go down till 69.115.
crudeoil important factor for india and is going in the country's side will appreciate Indian currency and a lottt more !
positional short opportunity on rise upto 1900 zones !
USD/INR long From 72.8000 Target Point 74.3000 Stop Loss 7250 Stay Tuned.......!! Learn Here , Earn EverWhere
Buy USDINR at 74.1 Stoploss 73.7 target 74.53
USDINR went in a trading range at 73 and stayed there for sometime. Now it seems to have broken out strongly above the 73 level. Buy USDINR at 73.15 Stoploss 72.6 Target 73.7
Dollar heading 1.618% which is 74.83 or 75 against rupees
usd inr seems overbought in the current s cenario and thus i expect or see a fall in the counter to the levels of a rupee or more fall in coming days
Inv H&S target achieved from 68.5 to 69.65 RBI intervention likely now as they may want to make the fall gradual. Pair has breached +3 SD. Short for target around 69.3
Buy USDINR above 63.870. Aggressive traders can buy at CMP (63.725) T1: 64.125 T2: 64.670 T3: 65.000 SL: 63.640
Short USDINR between 65.245 and 65.470 T1: 64.800 T2: 64.035 T3: 63.535 T4: 63.250 SL: 66.122
Two corrective patterns forming, Elliot ABC wave and Evening Star.. A weekly close below 67.94 would pull USDINR towards 67.50 and If Elliot wave comes into play rupee could possibly see 66.80 levels.
Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal. Related...