USDINR's Market structure are in complete bearish mode.USDINR's Market structure are in complete bearish mode.
USDINR
Darn!! Consolidation bull flag has broken to upDarn!! Consolidation bull flag has broken to up.
After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
Nice level to short here for target of 69.92 and then continuesNice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering
Darn!! it is a complete reversal USDINRUSDINR it is a complete reversal. if it breaks 70.50 then 71.50 easily possible I think.
BUY USD/INR AT CMP 69.96 TARGET 1 70.18 TGT 2 & : 70.38 & 70.50Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-
USDINR Four Hour Chart Dragonfly Doji appeared at bottom USDINR Four Hour Chart Dragonfly Doji appeared at bottom
it can kick up USDINR to 70.50 till EOD.
USDINR Four hour chart seems bullish Bearish flag broken to up.USDINR Four hour chart seems bullish Bearish flag has broken to upside.
Sentiments: Crude oil up 46.33 by +0.1%, Brent oil up 54.75/+0.1, Natural gas up by +2.43%, US Dollas index up 95.80/ +0.08%, EURUSD up 1.146/+0.14%, JPYINR up .6312/+0.40%, GBPINR up 89.012/ +0.26%, EURINR up 80.4630/ +0.46%, USDINR up 70.18 /+0.08%.
Technical buy signal, bearish flag has broken to upside,
Fundamental: Nifty 50 down by 175.50, Bank nifty down 380.70, Sensex down 576.50, India Vix up 15.56.
USDINR can reach 71..?
Bearish Flag on USDINR Four Hour ChartBearish Flag on USDINR Four Hour Chart.
Guess the target for downside 69.50-30??
Darn!! Looks like USDINR will hit 69.50 againDarn!! Looks like USDINR will hit 69.50 again
Technical: There's a bearish flag pattern has formed after a dip down from it's crucial support zone at 71.60.
Fundamental: Fed rate hike was a big hype and dubious for market speculation. unfortunately Nifty could not able to make it 11k and still struggling at support zone 10850. Crude oil trying to come up after a dip dive people are having fear of over supply - demand. US Dollas Index which people call it safe heaven doing it's things.
USDINR four hour chart looks bullish Long 72.30 TargetUSDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
Let's DiscussLet's Discus.
I have been tracking USDINR since august.
I am smol and I'm not a professional.
I trade all F&O, Equity, Commodity and Currency.
I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals.
Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to communicate with your each point.
Short USDINR Target 71.32 short termShort USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
USDINR Target 72 short termUSDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
USDINR - Head and ShoulderUSDINR made a bullish H&S pattern on hourly charts.
Buy at 71.25 Stoploss 70.65 Targets 71.5 72.8
