You view please! The selling from FII is nonstop. May be they have a conviction of rupee depreciation against USD...the rounding bottom formation on USDINR chart is worrying..
USDINR gave a fantastic rally, however, now the price is narrowing upwards, causing a wedge pattern. its time for the breakdown of the wedge, if it does, good short trade activates.
USDINR seems to take a momemtum above 75.20 as it is a long term trend line level This trend line breaks the flag pattern of USD INR made from its All Time high level Good volume candle printed on 4hourly Any pullback will be a long opportunity My Trade will be SELL 75 PE BUY 74.75 PE Bull Put Spread I might also add a naked 75 CE to gain the momentum if it...
USDINR has broken out of the symmetrical triangle pattern formed on the weekly chart which I had discussed in my previous idea. After that it has done a retest of the pattern trendline and the 20EMA on the daily chart. If we observe a continuation bar forming, as explained on the chart, we could see a retest of 75.50 pretty soon. Stay tuned for the continuation...
USDINR is a a crusial level long term trendline broken upside Trend is Uptrend View : Buy the Dip My trade : Bull Put Spread on any dip Plan your Trade !!! Trade your Plan !!! Happy Trading !!!
usdinr as per chart usd getting power while inr loosing the same the pair given a breakout thus shorting inr and buying usd as per above will work usd may move beyong 75.5 zone as well while support at 73 areas
USDINR is stuck in a range 74.5 and 73.5 Last week USDINR printed a neutral candle, this week price fluctuated between the high's and low's of that previous week's candle. Sideways action expected for this week as well. Risk takers may go for straddle or strangle strategy Or I recommend Bear Call Spread. Sell 74.5 CE Buy 75 CE as Trend on higher Time frame is...
Logic Expecting a breakdown of the triangular pattern, and a retracement towards 0.618 level of the bigger last wave AB All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book...
As the currency pair has broken out there is a possibility of a rally. We can enter at the point of retest with a SL below trendline and a target neat swing high for a RR of 2:1. The price may rally or retest the trendline before rallying further.
The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...
If the upper trendline of flag breaks , the pole length can be assumed as final target @75.90
USDINR has broken out of range after about 20 days. Good Volume candle Chart pattern - Triangle Break out Bull put Spread strategy for next few weeks...
On the weekly USDINR chart, there is a symmetrical triangle kind of a formation. It has taken about 20 months to form on the chart. This pattern could break on either side. My bias would be on the long side because the overall trend on the weekly and the monthly chart looks definitely bullish. But I would be open to re evaluate the scenario if it breaks the...
USDINR have gone up . But, a retracement is pending before speeding up . wait to touch back74.30 zone(yellow line)
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a bearish reversal from supply zone. Low of current candle is lower than that of previous candle. SL: ₹ 74.70
1. USDINR have move upward Darvas box . 2. Momentum indicators are in +ve zone 3. rising crude price may push dollar up.
Usually a massive downward movement results in a spring like rebound but when price breaks down a key level and two massive supports i.e. the 50EMA and 200EMA, the psychology overtakes the physics. Monday would be crucial in determining the next levels. It would be the right move not to take long positions unless it moves above the 200EMA. If the rsi peeks into...