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I have been tracking USDINR since august.
I am smol and I'm not a professional.
I trade all F&O, Equity, Commodity and Currency.
I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals.
Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to communicate with your each point.
Usdinr-forecast
Short USDINR Target 71.32 short termShort USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
USDINR Target 72 short termUSDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
Just let you know USDINR in a critical support zone Short again Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week.
Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR.
All Jhingalala (:
USD/INR Long Opportunity From 72.8000 USD/INR long From 72.8000
Target Point 74.3000
Stop Loss 7250
Stay Tuned.......!!
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USD INR USD INR spot 65.44, from last 2 months market was ranging from 64.70-80 to 65.30-32, in between two months it’s try many times to break this 65.30 level. Next resistance @ 65.62 and then 65.80-90. Now support at 65.20-30.
USDINR weekly chart studyUSDINR is all set for a breakout. 65.00 is going to be important support.
Buy USDINR above 65.60
T1: 66.30
T2: 67.00
T3: 67.80
T4: 68.50
SL: 64.60
USDINR(OANDA): Buy @ 64.980 SL 64.566 TGT: 66.10Buy USDINR on OANDA at 64.98 with SL 64.56 and Target of 66.10
USD INRUSDINR Spot at 64.06, as we can see it’s forming potentially double bottom, as it break 64.20-24, would be follow 64.40-44 the 64.88-92. Exporters are not suggest to hedge as this point. Exporters can hedge 60% at 63.98-64.08. for next one and half month
