SELL below 71.700 SL 71.715 Targets 71.685, 71.650, 71.620, 71.600, 71.580, 71.550
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (106.75). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Sell At 71.4725 Stoplss 72.900 Target 70 Reasons for Trade-1.Price formed bearish candlstick pattern near daily resistance 2.Daily Trend is down 3.Price reacted from important fibo level of 61.8% 4.Risk Reward 1;2
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.214. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.223. TP4: R2=1.227. Set the stoploss of these orders at breakout of S2=1.211. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
as the Indian equity market little revive usdinr will retrace somewhere around 70.50 and 70.32. Confluences & Reason: 1. Bearish Rsi divergence on the daily time frame. 2. Pattern rising wedge broke out to the downside. 3. pivot level fib 38% and 50% retracement price at 70.32.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2035. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2135. TP4: R2=1.217. Set the stoploss of these orders at breakout of S2=1.196. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
With a sudden rise in USDINR and little Consolidation is going on. One can buy at the current levels of 71.50-71.55 for the target of 72.45-72.50. With an SL of 70.70-70.76 for the September month.
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. R:R 20-40 Times USD/INR Going to Show India's Rapid Growth All over World. It will help in Development and Increase in GDP . We can...
another leg up is possible for USDINR in coming days
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.102. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.096. TP4: S2=1.093. Set the stoploss of these orders at breakout of R2=1.103. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
There are two different scenario one is yellow in which 5th wave ( upward) movement is still on another one is green line in which 5the is completed and down trend is on
Short USDINR below 71.40 T1: 70.60 T2: 70.20 SL: 71.90
Since it cross the 50 of retracement its clear that down trend is starting,
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6755. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.68. TP4: R2=0.683. Set the stoploss of these orders at breakout of S2=0.6735. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
USD INR is both bullish and Bearish, let me explain in detail, as per the Elliott wave we can see a small up movement till 73.15 after than its clear down trend at least till 70.4 so one can short if it cross below 71.54 without doubt, lets see how it goese