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 (:
USDINR
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.
USDINR Broke all support 69.50 can be archived till expiry.Short USDINR 69.50 can be archived till November expiry. it broke all support and Fundamental also favoring RBI also Brent oil, Crude oil all down.
All Jhingalala (:
Tomorrow USDINR we may see more recovery or sharp up mov for USDAs per Technical and chart pattern there's a strong support at 71.50 it can bounce back for the next level target of 75-76. but tomorrow we may see more recovery in USDINR if RBI and Government meeting favored fundamental or it can took sharp up move for USD.
Let's see tomorrow what happens
short USDINR around 72.20 sl 72.40 for target of 71.90 and belowusdinr is trading around resistance of 72.20....one may go short tomorrow
USDINR buy setup (low risk high reward-For aggressive traders)Buy USDINR above 73.10
T1: 74.50
T2: 75.35
T3: 75.80
T4: 76.40
T5: 77.60
T6: 79.50
SL: 72.10
USD/INR Long Opportunity From 72.8000 USD/INR long From 72.8000
Target Point 74.3000
Stop Loss 7250
Stay Tuned.......!!
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my USDINR levels for short Term tradingas per OANDA exchange ...my levels for trading USDINR
i will buy near 73.20 with sl 72.80
and
Sell near 73.70 with sl 74
USDINR levels for october series #CURRENCY I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
