The 2000 Withdrawal Rally 1$ = 85 INR ???USD INR chart seems to be ready for a rally.
Breakout from the Symmetrical Triangle.
Can we see 85 ?
USD (US Dollar)
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
Bank Nifty Analisys for 29th November 2024Yesterday BN opened bullish and failed to break 52600 levels and came down and took support 51750 - 780(from where market opened gap up on 25th nov). Fall continued till 1pm after that bank nifty took support and was in range from 51780 to 51980.
Support : 51780,51178 - 51200
Resistance : 52240, 52590-52600
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?
Fed Rate Cut and Impact on India's Bond Yields, INR and EquitiesThis video gives an overview of how Indian economy performed during the post covid era, vis-a-vis other countries and using that performance as a benchmark, it explains that as US starts to cut rates, how Indian economy, bonds, currency and equities will likely perform
USDTHB - TRADE ON LONG SIDE FOR HUGE PROFITSymbol - USDTHB
USDTHB is currently trading at 34.90
I'm seeing a trading opportunity on buy side.
Buying USDTHB pair at 34.90
I will be adding more if 34.50 & 34.20 comes & will hold with SL of 33.95
Targets I'm expecting are 35.80 - 36.35
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
USDSGD - LONG TRADE FOR HUGE PROFITSymbol - USDSGD
USDSGD is currently trading at 1.3150
I'm seeing a trading opportunity on buy side.
Buying USDSGD pair at 1.3150
I will be adding more if 1.3080 comes & will hold with SL 1.3030
Targets I'm expecting are 1.3385 - 1.3560
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
How To Read Budget (i) - Receipts and ExpendituresWhere doe the Government earn from and where does it spend - thats what the budget document tells us.
This video touches these aspects of the budget document - Revenue Receipts, Revenue Expenditure, Capital Receipts, Capital Expenditure, Revenue Deficit, Fiscal Deficit and expenses like interest and pensions
USDZARUSDZAR seem to be programed not to trade below the 18.00 price. I would really like to see a small pull back before we shhot up, its gonna be a sniper entry or nothing, you can set an pending order for buy or patiently wait for manual execution. Remember to use pro risk management. Lets Download Success.
Maharashtra Budget 24 - 25 (small slip of tongue once - sorry)Maharashtra Government announced the interim Budget today for 2024 - 25. The effort is laudable as it has tried to rein the revenue deficit and also reduce borrowing.
Karnataka State Budget Analysis Karnataka has increased its expenses and has not provided for any income increase of the same magnitude. Due to this the state is facing fiscal problems. It is simply resorting to borrowing more to fund its populist programmes. This is a sure receipe for disaster.
USDTHB - TIME FOR PRICE REVERSAL & A CORRECTION ?Symbol - USDTHB
USDTHB is currently trading at 37.064
I'm seeing a trading opportunity on sell side.
Shorting USDTHB pair at CMP 37.064
I will be adding more if 37.400 comes & will hold with SL of 37.620
Targets I'm expecting are 36.400 - 36.000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
USDINR is Bullish - will it help IT - Infy & TCS ?RBI has restricted retail people from trading in usdinr.
for long time RBI has restricted usdinr in the range of 82,75 to 83.30 for more than a year
Now this level is broken and usdinr is seen trading above 83.30 easily for long duration in spot.
This is positive for IT companies like Infy and TCS. May be because of this Infy seen taking good support for several days now. Need to see will IT companies support Nifty now.
USDSEK - SHORT ENTRYSymbol - USDSEK
USDSEK is currently trading at 10.96650
I'm seeing a trading opportunity on sell side.
Shorting USDSEK pair at CMP 10.96650
I will be adding more if 11.03000 comes & will hold with SL of 11.10000
Targets I'm expecting are 10.81000 - 10.73000 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
USDMXN - Ready to Blast Again ? Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500
Closed that position in more that $5000 profit in just 2-3 days.
My long setup is formed again in USDMXN
Taking long positions here at CMP 16.67000
My SL would be 16.62000
Target I'm expecting is 17.00000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Long Opportunity USDCAD is forming a corrective formation for a movement to the upside & has high possibility to reach at the target of 1.38992
USDSEK - SMALL SL FOR BIG REWARD ?Symbol - USDSEK
USDSEK is currently trading at 10.80500
I'm seeing a trading opportunity on sell side.
Shorting USDSEK pair at CMP 10.80500
Holding with SL of 10.84000
Targets I'm expecting are 10.60000 & 10.48000
This is a high risk trade with small SL & big targets. Let's see what happens!
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Looking for shortNZDUSD is expecting to reach to the downside after having a reversal formation & has a clear movement to the downside.
Movement to the downside EURUSD is forming a movement to the downside after forming reversal. Currently formed correction on 4h timeframe.
ETHUSD at Critical LevelETHUSD Which is showing a great opportunity ETHUSD is at make it or break it Level. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Wedge top - Al though a wedge top has formed on USDINR.
Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
