USDINR in a range b/w 75.40 - 77.26 ..In last trading session INR shown strength and touch 76.38 level .Now once bear start moving below 76.35 can push towards 75.95. 21th April is major trend change date. Weekly Trend Change: 76.67 Weekly Resistance:76.95,77.25,77.51 Weekly Support:76.25,75.95,75.55 Levels Mentioned are for April Contract of USD INR
USDINR where it's heading next? Put your opinion we will discuss if possible.
Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move. if it happens taking support at 75.84 then 77 and 78 on the way. Reasons: 1. Price broke out the long consolidation pattern Triangle, pennant . 2. Keeping in that RSI still deviating but price structure is still bullish . 3....
I'm having bearish sentiment. Reasons. 1. Usdinr at lifetime high. 2. Rsi strong bearish divergence. 3. price is in a consolidation triangle zone. Question is, which way? I'm seeing probability is downside as per ordinary theory.
Look to add USDINR spot upto 71.90 for a move towards 73.40 and 75 Coronavirus and Slow growth can hurt flows in India which is a current account deficit country
TREND ANALYSIS & TRADE SETUP 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. Wait for entry setup, if available then Long/short. R:R is 10 to 12 times.
ONCE UPPER TREND LINE IS BROKEN ON CLOSING BASIS GO LONG WITH TARGET OF 74.309 BE ADVISED IT MAY TAKE RESISTANCE FROM UPPER LINE IF DOJI CANDLE IS MADE NEAR UPPER LINE BE CAUTIOUS IT MAY REVERSE GOOD LUCK NOTE: FOR EDUCATIONAL PURPOSE ONLY
USDINR is moving in a wedge. Longs can be added on closing basis after break of upper line. SHORTS can be added on closing basis after break of lower line. Not advisable to take positions on inside the wedge. Will update more on any significant moves. Date: 10/09/2019 This is the 3H chart. Your positions are your own sound decisions. I am not responsible...
The daily chart shows that the trends continue to be in favour of the INR as the prices have been unable to move beyond the median line of the Pitchfork. Despite the strong strengthening of the Dollar the INR seems to be holding to its gains. Will it translate into some benefit for the Indian equity markets is something that will transpire tin the coming...
USDINR Day analysis | Intraday #USDINR
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 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.
it seems an ending diagonal has formed and a bear divergence on the rsi can favor a bearish dip. it might open a new door to big players accumulate but if price really holds 70.65 and 70.32. otherwise it will drive into bearish trend. following long time frame usdinr does not look it will enter into bear trend certainly as usdinr having no favorable sentiment. ...
Hi, we saw USDINR's 2018 move from 68.31 to 74.48 and now we are on the same phase of market cycle from 1 august to october 10. 2018. I'm expecting same market cycle in 2019 along with other three INR pairs EURINR, GBPINR, and JPYINR. do your maths. I'll keep updating when I see new opportunity. Thanks! Be neutral. empty your brain. learn and unlearn. abandoned...