DOLLAR INDEX USD INR ANLYSISUSD INR:- it is working as per our analysis. it reverted from 73 and both targets were well achieved 73.44 and 74.20. Now it is sustaining above 74.20, so it may test 74.68 to 74.74.
It has inverse relation with nifty so correction may come.
Dow also has at major resistance as per chart 35500.
USDINR
USD/INRNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
USDINR View After a successful rally Upside, we have analysed that it will rest now.
Range bound movement is expected...
May go for strangle after tomorrow's expiry is closed.
Weaker Dollar (Update)The USD has been range bound and forming indecisive candles. This trend is likely to continue or lead to a down ward momentum in few days a RSI is maintaining its overbought status.
short term trend change after major fall it make HH and HL and fib extension 1.618 (74.3120) can be achieved
USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
US dollar will likely strengthen in the long term.Quantitative Easing is essentially trapping the US dollar in the financial system which will cause disinflationary pressures in the future. USD will likely strengthen in the future to all-time highs. USD/INR is forming a falling wedge pattern taking support on a trend line. Very good opportunity for long side exposure on the dollar.
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Long USDINRUSD/INR
FX_IDC:USDINR
CMP - 72.904
Stop - 72.100 on DCB
Expectation -
T1 - 74.500
T2 - 75.770, Review at 74.500
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
USDINR ViewPrice squeezing and may break either side...
Bias is Bullish though will act on break out / break down...
USDINR View USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle (bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns
USDINR BULL TRADE SETUP AS PER RISK REWARD RISK REWARD BASED TRADE SETUP FOR USDINR \NEAR TRENDLINE SUPPORT , AND BASE AREA
USDINR reversing / DOW theoryUSD INR formed a bullish candle today on Daily TF
Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend !
Flag n pole structure formed on hourly.
Flag breaks go long or else wait for confirmation of breakdown below 72.638
Went long after the morning star today... :)
Happy Trading !!!
USNINR Trend cum Corrective Wave Analysis !!TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
USDINR NEAR DEMAND ZONE...it seems USDINR is full of bearishness...
but now time decrease your quantity...because it is near demand zone and dollar Index also in demand zone..
if it cross 72 then further down move possible...till that it may be range bound or small retrenchment possible
