USDINR
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
usdinr support resistance crudeoil important factor for india and is going in the country's side will appreciate Indian currency and a lottt more !
Just let you know USDINR in a critical support zone Short again Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week.
Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR.
All Jhingalala (:
PAIN FOR INR AHEADAfter breaching the all time high on AUG 14,
Analysts would be looking at USD/INR's market action in the coming weeks,
If the move sustains, the new 'normal' would be between 71-75 for USD/INR as per monthly charts.
