14 May 2019 Long EUR/USD14 May 2019 Long EUR/USD @1.12369
StopLoss 20 Pips @1.12169
TakeProfit 20 Pips @1.12569
USDINR
USDINR : BuyUSDINR is looking positive on daily chart. 5 DEMA has crossed 13 DEMA to upside. RSI is also in control and moving upward. It is trading in parallel channel. Resistance of parallel channel is placed somewhere near the 70.50-70.60. It is well supported by 38.2% retracement level of entire fall from from 74.52 to 68.30 which is 70.68. It is expected to move upward towards 70.50-70.60 as long as holds 69.50 on closing basis.
13 May 2019 Long EUR/USD13 May 2019 Long EUR/USD @1.12293
StopLoss 20 Pips @1.12093
TakeProfit 20 Pips @1.12493
USDINR1) Oil price and depreciating yuan should weaken other EM currency
2) Cup and handle and trendline B/o
3) Target 72
USDINR day chart studyUSDINR on day chart broke the 200 day SMA and the big broadening wedge bottom in early march 2019.
Currently it has formed a small broadening wedge.
Avoid all the opportunities to go long (as long as it trades below 200 day SMA) and look for trading opportunities only on the selling side.
I will be waiting to go short after the small broadening wedge breakdown.
20 May 2019 Short EUR/USD20 May 2019 Short EUR/USD @1.12210
StopLoss 20 Pips @1.12410
TakeProfit 20 Pips @1.12010
USDINR Corrective UpmoveOANDA:USDINR USDINR seems to be in a complex correction. After the recent running flat, it looks like its going to the upside for a C wave. For the short term, its likely to retest the previous highs and slightly beyond till about 71- 71.5 levels.
07 May 2019 Long EUR/USD07 May 2019 Long EUR/USD @1.12149
StopLos 20 Pips @1.11949
TakeProfit 20 Pips @1.12349
USDINR - Short term directionThe currency pair is moving in corrective structures and is expected to extend the fall towards 69.30-69.35 range and then moving higher towards 70.40-70.45 in next one to two weeks.
USDINR - Directional move expected in next few daysUSDINR is expected to approach higher towards 71.3-71.4 by staying above 69.2 in next couple of weeks.
06 May 2019 Long EUR/USD 06 May 2019 Long EUR/USD @1.11912
StopLoss 20 Pips @1.11712
TakeProfit 20 Pips @1.12112
04 May 2019 Short EUR/USD04 May 2019 Short EUR/USD @1.12010
StopLoss 20 Pips @1.12210
TakeProfit 20 Pips @1.11810
USDINR at nice price to dig in aslso risk to reward ratio huge.USDINR at nice price to dig in aslso risk to reward ratio huge.
03 April 2019 Short EUR/USD03 April 2019 Short EUR/USD @1.11651
StopLoss 20 Pips @1.11851
TakeProfit 20 Pips @1.11451
01 May 2019 Long EUR/USD 01 May 2019 Long EUR/USD @1.12171
StopLoss 20 Pips @1.11971
TakeProfit 20 Pips @1.12371
USDINR Possible ReversalOn the 4H TF, the USDINR might bounce back by taking support at the trend line. Any long position on USDINR would need to be taken with caution.
USDINR Possible Downward in Short TermPossible target for the short is 67 area and If breaks above 72, this plan will fail.
USDINR UpdateHey Guys,
USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts
1. reaction in the upcoming months from the similarity of historical candles
2. From the combination of support resistance and Weekly charts RSI, It looks weak on the weekly chart so most probably can break the lower support level.
This is just my point of view, not financial advice.
Feel free to share your views.
Thank You
Be Cautious Short USDINROne can short USDINR with the target of 68.50 or near by levels. With an SL of 70.05
If it breaks the SL, then the trend is us bullish in USDINR with the upper targets of 70.20 & 70.60 levels.
Currently it is at the point from where if it breached then expect either a new high or new low. Though the probability of new lows are high. So, be cautious.
