73.50, 72.14 will reach by October to November end
Note: This is for educational purpose only. Long term trend is bullish. Seems like bullish in short term trend. But unless the channel is broken, can't determine a clear accumulation or distribution phase.
Bearish usdinr is more to fall bellow 74.50 and 74. as the Indian market is bullish currently usdinr will appreciate more simple logic.
Parallel channel breakdown
Note: This is for educational purpose only. Channel broken with high selling volume. This is a confirmation for downtrend. There might be some consolidation before further downfall.
Note: This is for educational purpose only. There seems to be a formation of wedge pattern in USDINR forex pair. RSI below 50 shows loss in momentum. Need to wait unless the channel is broken.
1. India VIX is the volatility index of Indian stock market, which depicts the expected market volatility over the next 30 calendar days. i.e. higher the India VIX values, higher the expected volatility and vice-versa. 2. It is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts. 3. The variance for the near...
Recently usdinr faced huge volatility but the direction is as usual Unpredictable. This is an range marked price action and nothing special.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
Long... .... INR will be weak in the coming days.... Target- 78 .... .... Comment your Views... .. plz, Support the idea by clicking LIKE button... .. Thank You, @VishwajeetSharma
74.66, 75.22, 75.47 three higher lows breaking out from long consolidation pushing price extremely higher highs. Reasons: 1. Nifty fall and gain 2. consolidation break out and pullback 3. bullish divergence on oscillators 4. Bullish structure.
PRZ - 75.310/75.320 SL 75.295 Target 1 75.365 Target 2 75.395
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...
The 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...
A 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
All 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