Get started

Usdinr-forecast

USDINR - Is at Support and Below 86.5 is good to buyUSDINR upside is slowed down !!! due to Gold rise in global market and weak US Dollar. In chart few times support has come for usdinr at and below 86.5 levels which I think will be good support since Gold rise could see some consolidation from today. No one asking why US Govt not yet auditing its Gold reserve which they keep commenting no door and windows to their safe houses etc etc and this world still believes such empty statements only for a point gold was never audited. Its Bull trap in Gold right now. FIIs not entering India again in big way yet. I do not see any major US Dollar Inflows into India right now. People still moving to china market or at least preferred by few or several big players. I do not have or analyzed Bond market which is linked to moves of stock market. Any surprise move from BOJ or US Fed could change this view to some extent.
Long
by venkatfx
USDINR - all time highs will be taken out in November?USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium. 83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107. Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that interested. TVC:US30Y quoting 4.945% looks exciting from a debt perspective ! -- A rising USDINR means the INR is getting devalued. Calendar year 2022 saw an erosion of 11.07%, YTD is only 0.61% - will the rising US yield + war in middle east further erode the Indian Rupee??
Long
by viswaram
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 !
Long
by chakraveer1104
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.
Long
by WECLAN