USDINR predictive analysis with future directions in DCB.USDINR hovering between the marked suppy demand zones as per present price action.
USD (US Dollar)
USD INR : WILL IT BREAK THE RESISTANCES THIS TIMEI am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of breaking out is high, with support of two Moving Averages below the CMP, and ascending support line. However , it may encounter another rejection at resistance level 2 again , as it has not been tested much.
Please share your views !
Price ActionUSDZAR has been on a bullish trend for some time, bears are trying to take over. Lets Download Success .
USDINR attempting breakoutUSD INR attempting breakout from triangle pattern on 1D timeframe. Enter after bullish confirmation. Buy limited quantity and follow proper risk management as RBI can initiate selling of USD any time.
Price ActionUSDZAR price action, all stop losses above the resistance zone. Wish you all the best. Lets Download Success
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USDINR1st BUY 82.02 (30% of your capital)
2nd BUY 81.73 (30% of your capital)
3rd BUY 81.43 (30% of your capital)
A margin call of 10% must be maintained.
Note: Only buying (long FUT or Monthly CALL) is recommended here; no shorting or bearish trend is recommended; almost all events are happened so strong naturals (above > 82.39); do not buy weekly CALL options and OTM CALL options; only ITM or ATM monthly options are recommended.
USDINRPlease keep in mind that this is only for futures and positional traders.
You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3).
There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible.
It is important to note that this view is for the next three months and is not recommended for short-term time frames.
Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.
Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
USDINRPrice Level at 81.13 is most deciding factor!
81.13 is key level for LONG trend,
If breaks the trendline Go for SHORT 80.5 is the target with STOPLOSS 81.15.
Or 81.15 is SUPPORT for LONG term BULLISH trend.
Short-term BEARISH trend,
Lon term BULLISH trend can be expected.
USD/JPY Symmetrical Triangle PatternSymmetrical Triangle Pattern is seen in USD/JPY hourly chart. we can go long if price breakout above the resistance with strong bullish candle. or else we can go short if price breakdown below support with strong bearish candle.
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Gold is in Short-term Bearish TrendThe price reacted drastically in its pursuit to cross 1950. After the positive economic data, it's retesting 1928, 1920. If the decline continues it might cross 1912-15 zone and drop to 1902 and further 1886 levels. The larger trend is Bullish. We should wait out for the price to react at our areas, reversal might take place. This retracement could be the part of correction after flight in recent weeks.
Short term downtrend with the indication of trendlines.The demand is between the downtrend lines. Hence, the candlesticks respect the behaviour. USD pairs are on the fall due to high valuations and downtrend patterns.
USDINR Next possible MovementFX_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.
EURUSD SELLDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURAUD 15MDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCAD Sell LimitDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURUSD - Long ; USD getting WeakerAs of my opinion EUR USD can go long to 1.13900. There's clear breakout now, we can expect a long position here. The USD is getting weaker day by day in the last couple of months.
GOLD To past $2,000 in 2023I strongly STRONGLY believe GOLD is the safest hedge in this economy. Now a value bet as well: due to recession/inflation/real estate conditions etc.
JPM told you BTC was going to $100,000 when it was at $60,000, now they're telling you BTC is a Ponzi Scheme. HERES THE CATCH
Smart money wants you to *think* that they're buying BTC and saying the opposite (because we know that if they're bearish - it usually means they're buying and vice versa).
I DON'T think this is the case this time. I think they are covering a short position (making crypto move up), but are buying all the GOLD they can while it's discounted and at these levels. They want you distracted right now on the small crypto rally. They don't want you (retail) taking the Gold.
It makes total sense - think about it. They love throwing curve balls - that's what's most profitable to Wall Street.
Smart money says the opposite of what they do.
People now understand the reverse psychology aspect and proceed to do the opposite of what they say.
Problem is they're 5 steps ahead of us. They know that because they bashed BTC - You'll want to buy too. I'm 90% convinced they're only making the price go up by covering shorts. - not actually purchasing coins.
Gold is about to have a massive bull cycle - and they are distracting you with the Fools Gold while they load the real stuff.
Don't fall prey to wall street. Make your own predictions - that make sense - and present great risk:reward ratios.
GOLD is tangible. Crypto is not. You cannot argue that BTC is safer than Gold.
All my opinion. I say what I believe. Good luck to all and DYOR.
I see GOLD/XAUUSD at $2,000 as early as March and as late as December.
