USDINR
Get some dollars in your pocket!!!Long some USD / INR
Basis:-
1. Monthly and weekly RSI above 60
2. Unbroken uptrend indicated by trend line and 5SMA crossing 20 SMA from bottom
3. Hammer like candle formations indicated by arrows
4. Good volumes indicated by arrows
5. Fibonacci retracement level of 61.8% and 78.6% crossed
Target indicated by Horizontal line around 77 INR
Stoploss as per individual risk management
Lets go long!!
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Simple analysis.
USDINR - A short to medium term top in placeThe first leg of irregular correction has started to appear from 77.01. Now a trading opportunity is visible on price charts which can drag prices lower to:
i) 74 being 100% extension of wave A in an ideal case
ii) 73.22 being 138.2% extension of wave A in most cases
iii ) 72.70 being 161.8% extension of wave A on rare occasion
A break below 75.40 would provide the first confirmation that the move has started on the downside.
Usdinr 4h. Similar idea to JpyinrA small slow pullback to 75 and then drop below today's low to 74.50 noted.
Reasons:
1. Rsi divergence
2. Price closing lower low
3. Price following a downward slope parallel channel
4. There's a 50 and 618% retracement at 75.00
Check Jpyinr idea here link down below
Potential HNS in USDINRAll the long traders please be cautious, risky traders can enter now as well with mentioned SL, safe traders wait for neckline breakdown.
Targets mentioned
Regards
USDINR levels for intra and swing levels are simple support resistance
and are marked for persoanl project study
one can learn from the same as well
USDINR Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
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 setup, if available then Long/short.
Reward is 15-20 Times
Wave Theory tradeble setup up on USDINR.Wave Theory tradable setup up on USDINR.
Plan (A): buy above 75.316
Plan (B): buy 74.512 nearby
Sell USDINR 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 - long setup to study learn and earn for you all :)Analysis are mentioned in the chart. Wait for the breakout to enter the trade, SL will be low of the flag or there are many other ways depending on your strategy.
I hope you learned and earned from previous JYPINR chart if you missed it look into it, I have attached a link of it.
Please shower some love and show some support so that I can keep sharing ideas and put in more efforts.
Thank you.
Kalpana
USDINR where it's heading nextUSDINR where it's heading next?
Put your opinion we will discuss if possible.
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success.
Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis.
A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this.
Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible.
#Tgt1 achieved easily and RR more than 1.5
(PS: Couldn't post earlier due to technical isuues)
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades.
Thanks for your time. Happy Trading and Learn something new Everyday.
USDINR 4H. Pattern broke out and price took support at 75.84.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. Price took support at pattern break out level 75.84. (Watching) *if it really happens then carrying long position is a good idea looking for 77 and 78.
Estimated bullish run in USD/INR As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term.
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself.
Consider your financial advisor before taking any trades.
Thanks for your time. Happy Trading.
More weakness to come in INR..USDINR heading towards 80!USD continue to get stronger against emerging market currencies, one can sell 76.5 PE for easy premium this week or buy 76.5 CE for month of May...
