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...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.295). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . STXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Usdinr & Banknifty Morning Setup Ichimoku ,intraday setup for usdinr and Banknnifty morning setup
The key resistance level in bitcoin is 44500, in case of approach to these marks, the probability of local pullback will increase. If after that buyers start to intercept the initiative and do not allow the price to fall deeply, which leads to consolidation of quotations, chances to ascend will increase many times. We still believe that the cryptocurrency market...
The EURUSD pair has been trading within a Channel Down since 2021. Two important dates (March 10 with the ECB making their Rate Decision and March 16 when the Fed will announce theirs) have been marked in the chart. I'm expecting these two scenarios to Play out. However, if we break COVID 19 low point, then I'll be interested in opening shorts
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (38504.76). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
3 weeks earlier also I had published an idea saying that USDINR could soon see levels of 76, and my target achieved. Now, it looks like its ready for 76.5 by giving breakout of double bottom pattern with rising RSI and positive MACD crossover .
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (10.219). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEARUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
USDINR has given a good volume BO candle on Weekly if it sustains above current level, this BO may give good targets as shown by the wave structure shown on chart. Buy intraday Dips... I am holding Bull Call Ratio Spread... Might also do naked Call Buying with limited risk amount. (amount that I am ready to loose)
Midterm forecast: 1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1874.88 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.05394). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
USDINR in an uptrend as visible in the weekly time frame. RSI is also in an uptrend and 50 DMA is supporting the candles. A long position can be created, for the target of 75.6500. Buy USDINR Apr Fut and stay in the position till the trendline (black line) sustain.
USDINR - Indian Rupee is in real danger of collapse. RBI has been sleeping at wheel with their loose monetary policy. Hourly ascending triangle breakout near key level of 76.
With oil shooting above $100 a barrel, Indian rupee is on the edge of precipice . @RBI 's loose monetary policy and loose talk on never raising rates is going to push the Indian rupee from the clif. #Nifty #nifytbank #USDINR
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.04916). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
From 24.01.2022 to 10.02.2022 an upward impulse movement was formed, increasing chances for the tendency change towards the growth of quotations. With a high probability the correction to this impulse was completed on 24.12.2022, this is proved by breakdown of the key level 42680. Together with the pessimism of investors and the technical picture we expect the...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (26.22). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ATOMUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8073). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...