USDINR
USDINR IS BULLISH OR BEARISH? 30TH AUG SET UPThere are two different scenario one is yellow in which 5th wave ( upward) movement is still on
another one is green line in which 5the is completed and down trend is on
USD INR BEARISH -GREAT OPPERTUNITY TO EARN MONEY 28TH AUG SET UPSince it cross the 50 of retracement its clear that down trend is starting,
USD INR bull or Bear?USD INR is both bullish and Bearish, let me explain in detail, as per the Elliott wave we can see a small up movement till 73.15 after than its clear down trend at least till 70.4
so one can short if it cross below 71.54 without doubt, lets see how it goese
USDINR 4h,can take a bearish dip following divergence on the RSIit seems an ending diagonal has formed and a bear divergence on the rsi can favor a bearish dip. it might open a new door to big players accumulate but if price really holds 70.65 and 70.32. otherwise it will drive into bearish trend. following long time frame usdinr does not look it will enter into bear trend certainly as usdinr having no favorable sentiment. Indian market is in negative sentiment since jun and july and still driving lot of institutions into crazy.
downside target is 70.62, 70.32 and 70.
Reason: Confluence
1. On the rsi we're having a strong bearish divergence.
2. there's seems to be an ending diagonal but not confirmed.
3. price confirmation at 1.272 fib level drawn from may 13 high 70.76 to low july 11 68.13.
I've randomly mentioned some of my previews analysis on USDINR if you have time to check then good luck.
USDINR Flag BreakoutThough I'm just learning but this seems to be a Flag Breakout and we can buy at market or on some dips upto 70.30 for medium to long term targets of 75, 78 & 80 with a closing basis stop loss below 68. If I'm mistaken then please do correct me as I'm always open to learning the technical patterns and concepts. Thank you.
What's on your mind? USDINR 74.69. Hi, we saw USDINR's 2018 move from 68.31 to 74.48 and now we are on the same phase of market cycle from 1 august to october 10. 2018. I'm expecting same market cycle in 2019 along with other three INR pairs EURINR, GBPINR, and JPYINR. do your maths.
I'll keep updating when I see new opportunity. Thanks!
Be neutral. empty your brain. learn and unlearn. abandoned the ego. be humble. accept things that are part of the game and play well.
USD INR in a wedgeThe USD/INR on the weekly chart is forming a wedge pattern. 68.2 is also a key support for USD/INR. If the wedge breaks out on the upper side then it can go till 70 as of now.
[IDEA] Short USDINR + DXYLeveraging a decently positive correlation between USDINR & DXY.
Working on the trading strat.
USDINR seems to have found bottomUSDINR seems to be forming irregular flat and is expected to take prices above 70.50 in wave C. Further confirmation for the move can be seen when prices starts moving above 69. The supports of 68.20 are expected to be held in this up move.
Expected Move for USDINR in upcoming daysHi Guys,
It looks like USDINR have made a bottom for now at around 68.25 and is willing to go higher. Expected move for USDINR might look like shown into the chart according to Support/Resistance and Fibonacci Levels.
Elliot wave analysis - USDINR - Full Wave - WronglyI find USDINR is preparing for small up movement . So did one full Elliot wave analysis.
When the USDINR Elliot wave analysis was complete, result was not satisfying.
But The correct cycles are ((I)), ((II)), and ((III)) marked on chart, And I tried to fit all five which went wrong and waste of time.
This analysis is for reference purpose and learning only.
Finally - This analysis is not validating as per basic Elliot wave rules
The Reason : I decided the Grand cycles ((I)), ((II)) .... ((V)) first and then tried to fix the subwaves.
Correction: While putting the first Grand cycle ((I)), the subwaves should fit and then only should go next to mark ((II)) and so on.
