USDINR
USDINR GO LONGONCE UPPER TREND LINE IS BROKEN ON CLOSING BASIS GO LONG WITH TARGET OF 74.309 BE ADVISED IT MAY TAKE RESISTANCE FROM UPPER LINE IF DOJI CANDLE IS MADE NEAR UPPER LINE BE CAUTIOUS IT MAY REVERSE GOOD LUCK
NOTE: FOR EDUCATIONAL PURPOSE ONLY
Something Fishy is going with USDINRStock Market is turning around.
With all the bad news quite for while. But on technical front, after the release of MPC by RBI and considering the USDINR rate at 71.30 for analysis purpose. The rupee has started depreciating to new levels.
After breaking the levels of 71.20 -- USDINR is moving ahead for the immediate Resistance range of 71.60, 72.10 and 72.40 levels with the Support range at
71.25, 70.95 and 70.58
Please be cautious with your trade
Investiture.in
#investituredotin
USDINR LONG IDEAIT IS CLOSED ABOVE TRENDLINE ON CLOSING BASIS AND ONCE TOOK SUPPORT ON IT TARGET IS GIVEN FOR LONG STOP LOSS IS 71.049
USD/INR Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
USDINR brief overviewUSDINR is moving in a wedge.
Longs can be added on closing basis after break of upper line.
SHORTS can be added on closing basis after break of lower line.
Not advisable to take positions on inside the wedge.
Will update more on any significant moves.
Date: 10/09/2019
This is the 3H chart.
Your positions are your own sound decisions. I am not responsible for your trades.
Trade safe
USDINR : Feeble signs of strengtheningThe daily chart shows that the trends continue to be in favour of the INR as the prices have been unable to move beyond the median line of the Pitchfork. Despite the strong strengthening of the Dollar the INR seems to be holding to its gains. Will it translate into some benefit for the Indian equity markets is something that will transpire tin the coming weeks.
Idea Sourced From
Neo Trader
trade.chartadvise.com
Usdinr can be turbulent be cautiousWith the global economic slowdown, dollar Index will soon spurt to new high thus impacting most of the emerging countries as well. So beware with all moves.
Though Indian government is doing everything possible but when their is no sales then expecting positive results is worthless.
USDINR near sell zoneUSDINR is near sell zone which was acted as strong resistance level, Target -> 70.121
Is USDINR Traping us?With Fundamental Slow Down in the Indian Economy accompanying with rising Global Slowdown and Trade Wars.
Dollar Index is Touching New Highs and with no major moves in Indian Currency giving us a big trap signal on each fall in the USDINR or the Rising Rupee.
One can Long USDINR at 71.15-71.20 Levels for the Targets of 72.40, 73.25 and 74.57 in the coming months with Near by support ranges of 70.64, 70.54, 70.32 and 70.08
USDINR 71.700 || SHORT || INTRADAYSELL below 71.700 SL 71.715
Targets 71.685, 71.650, 71.620, 71.600, 71.580, 71.550
USDINR Downside PossibleSell At 71.4725 Stoplss 72.900
Target 70
Reasons for Trade-1.Price formed bearish candlstick pattern near daily resistance
2.Daily Trend is down
3.Price reacted from important fibo level of 61.8%
4.Risk Reward 1;2
USDINR short term 70.323.
as the Indian equity market little revive usdinr will retrace somewhere around 70.50 and 70.32.
Confluences & Reason:
1. Bearish Rsi divergence on the daily time frame.
2. Pattern rising wedge broke out to the downside.
3. pivot level fib 38% and 50% retracement price at 70.32.
Long USDINR for the targets of 72.45With a sudden rise in USDINR and little Consolidation is going on. One can buy at the current levels of 71.50-71.55 for the target of 72.45-72.50.
With an SL of 70.70-70.76 for the September month.
