USDINR
USDINR 4hr time frame. upcoming week may seen bullish.USDINR 4hr time frame, upcoming week usdinr may seen bullish.
On the daily time frame we can clearly see a bullish engulfing candle closed. on the four hour time frame there can be create a inverse H&S if price gives pullback from 68.79 to 68.44. 4hr time frame rsi is diverging as bullish. daily time frame rsi is oversold and made double bottom. weekly time rsi oversold.
friday market PCR seen increase by 70%/40%. also last friday trade talk has been resumed and market expects a negative call from Donald Trump.
Resistance 68.62, 68.84, 69. support 68.44, 68.38, 68.31.
Strategy:
A long entery can be made at 68.47 to 68.44 stop lose 68.26 targeting 68.79 and 69.15. keep in mind bellow 68.31 usdinr is bearish again.
Bonus point: when you get a chance to win a trade and it's reaches to 25-50% of your target and you didn't booked any profit from your initial entry point and suddenly price reverses and hitts your stop lose. before you were in little profit but same trade turned into a lose.
#From your entry point and between your profit target if you get atleast 25% profit then you should take 25% profit with your 50% position and rest 50% position move stop lose to breakeven now you're in a risk free trade with your remain 50% position. keep trailing when you see more profit. having a profit target is a must but never wait for price to reach your target. I take 50% profit with my 50% position but more safest way is 25% I reccomend.
Look this is my kind of style for profit taking if you like it or not I don't mind.
Thanks!
USDINR remain bearish.USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other US/China trade war sourcery goin on.
USDINR 4 hours time frame short term bullishUSDINR 4 hours time frame short term bullish target 69.105. stop 68.410
Part 2 USDINR Downtrend moves as Predicted Usdinr moves as predicted from pre-election period.
Keep focusing on further target our SL range of 70.60 as the highest support levels and and 68.48 is our next resistance levels following the 68 levels.
USDINR down trend starts or Election Impact? Usdinr has started it's move?
With closing at the top on Wednesday and then making lows on Friday. Furthermore, giving signals in forex with an opening at 69.39 levels shows a higher volatility in the market.
On technical front, USDINR has its Resistance at 70.30, and 70.60 level s. Any crossing above that would lead to depreciation in rupee to the levels of 71 and above that.
Besides, on appreciation side, usdinr supports at 69.80, 69.45, 69.00, 68.48, 67.80 and 67.19 levels.. Breaking of these supports will lead to further appreciation in rupee.
Can it be Indian election exit polls impact or us-china trade war impact or the starting period of eurozone election period impact.
Be cautious with the trade.. News and views will be having its higher impact.
USDINR at support zone an up move expectedIf 69.089 holds then a sharp up move expected to 69.442. If 69.002 breaks then sharp down move til 68.80 and 68.70 possible.
USDINR in where buyers attract attentionA price is trading at a " value low " with forming an excess , in where buyers attract attention . I don't recommend to " BUY " below previous support plotted in the chart.
USDINR Towards 70.14 ?USDINR forming & heading towards Inverse Head & Shoulder Neckline @ 70.14 for the week. Break should see it move towards 70.90+ levels over the coming days.
USDINR bullish short term target 69.80#USDINR bullish short term target 69.80.
Fundamentals. #wtiCrudeoil will back up this week from 54 to 56, cues RBI has puts out revised circular on stressed assets, and rate cut policy still in effect.
USDINR BearishSeems to be bearish right now on daily basis breach below 69.3level will be taking it to the level of 69 and 68.5 and then we can see a likely retracement as per the descending triangle on a bigger picture
Possible (Running) Flat USDINR is possibly in a corrective stricture. Flat or a running flat - upon completion it could break to the downside.
USDINR short term bearish. crude oil got broke all the way.USDINR short term bearish. crude oil got broke all the way as it was the only fundamental for usdinr
USDINR bullish againUSDINR bullish again.
If Crude oil drops a little bit or more I don't think usdinr will hold bullish momentum.
27 May 2019 Short EUR/USD27 May 2019 Short EUR/USD @1.11977
StopLoss 20 Pips @1.11777
TakeProfit 20 Pips @1.12177
Next Leg of Down After consolidationFrom what I see, USDINR has finished a Triple wave WXYXZ pattern. Its now moved to the lows. I guess we will see a brief consolidation and post that, the pair might breakout and continue to go to the downside and retest its previous lows and possibly make a new lower low on the 240 time frame.
