USDINR
USDINR - Buy above 70.75 / Target 71.50 / Stop loss 69.90USDINR - Buy above 70.75 / Target 71.50 / Stop loss 69.90
Thanks,
Rasika
US DOLLAR INDIAN RUPEE ELIOTT WAVE DAILY CHARTBased on 1) eliott wave 2) channelling 3) fibonacci ration
Please do not trade on this , only for educational purpose & for your observation onlu
USD/INR Inv H&S target achieved, Short on High Vol.Inv H&S target achieved from 68.5 to 69.65
RBI intervention likely now as they may want to make the fall gradual.
Pair has breached +3 SD.
Short for target around 69.3
Negative Divergence in USDINRMomentum indicators are showing negative divergence in INR.
targetting 66.50
USD INR Target @ 66.60-54 INFI FOREXUSD INR spot @ 67.04 ( trading near to support) pair is forming series of lower high, now it’s overall expectation for bearish (strong of Indian Rupee), will expected to test 66.60-70 in coming sessions.
Exporters are suggest to hedge this level 67.00 to 67.10,
Importers are open for the near term.
Short @ 67.10-67.00
Target @ 66.60-66.54
Currency DRIVE by INFI Forex
USD INR short @ 67.52 INFI FOREXShort @ 67.52 ( spot) for
Target of 67.00 -6.80
Strategy;
Exporter: Hedge 45-50% at 67.50 Level
Importer: Open till 67-66.80
INFI FOREX
WHERE IT LL GO??LET'S SEE ..
WHERE IT LL GO..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
ELLIOTT WAVE DAILY CHART AS PER JOELwave counting as per me on daily chart
of course there are multiple alternate counts , i prefer this count
Destiny will tell us which is the correct wave
my previous count on us dollar inr was this
although i expected to depreciate heavily - presently i think wave 4 is not yet over
comments welcome , Please do enlighten further with your comments
critics welcome !!
USD INR USD INR spot 65.44, from last 2 months market was ranging from 64.70-80 to 65.30-32, in between two months it’s try many times to break this 65.30 level. Next resistance @ 65.62 and then 65.80-90. Now support at 65.20-30.
USD INR Currency DRIVE By INFI FORX USD INR spot 64.98 now it’s forming triangle not bullish nor bearish, as it’s break 64.80-82, we expect for 64.64 then 64.42, for the bullish have to break 65.12, today RBI monetary policy coming, it’s expected there is no change in interest change, and in coming days major oil payments have to be done govt. it will support INR.
Currency DRIVE By INFI FORX
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USD INR CURRENCY DRIVE INFI FOREX @64.40USD INR spot 64.80, now market forming potentially double top, now it's expected to test 64.40 in coming sessions
CURRENCY DRIVE INFI FOREX
USD INR Currency Drive By INFI FOREX USD /INR spot @ 64.90 from last one month pair is ranging from 64.80-65.20-30, ones in a mid of month on 13th march market break 64.80, but unable to sustain below that, and keep in range 64.80-65.30, now market is potentially trying to form double top, now as it’s break 64.82-80, and test again, it would be confirm, for the target of 64.40.
Strategy: for the traders can go for short @ 64.84-82, for the target of 64.40, will also get premium.
Strategy for Business:
Exporters: Suggest to hedge @ 64.90 30% of their exposer, and 64.80 balance 40% of their 1 to 1½ month exposer, And balance open.
Importers: No need to hedge @ this levels, go open till the 64.40 @ 64.40, hedge at least 50% exposer. And remain open till next move.
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USD INR Currency DRIVE INIF FOREXUSD INR Spot is 65.19, from March starting market ranging from 64.80-65.30, after testing the level 65.30 thrice in last 2 days and in the starting of March, but market still unable to break this, now market is above the middle line of the ranging that is 65.10, as market break 65.10 will test 64.80 then 64.40, on the other hand if market unable to break 65.10, it would expected to bearish towards 65.60-80
Currency DRIVE INIF FOREX
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USDINR weekly chart studyUSDINR is all set for a breakout. 65.00 is going to be important support.
Buy USDINR above 65.60
T1: 66.30
T2: 67.00
T3: 67.80
T4: 68.50
SL: 64.60
USDINR(OANDA): Buy @ 64.980 SL 64.566 TGT: 66.10Buy USDINR on OANDA at 64.98 with SL 64.56 and Target of 66.10
USD INR CURRENCY DRIVE, FOREX RISK MANAGEMENT USD INR Spot 64.81, after a strong rally yesterday market test 64.91( 3 months High), now trading in range 64.74-92, it’s expected before break 64.92, it would be ranging from 64.55-64.90.,
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USD INR @ 65.20 in Coming sessions.**CURRENCY DRIVE INFI FOREX*USD INR spot @ 64.49, as we seen in history, 64.55-60( strong support/Resistance), now market is again testing level, and in a daily chart potentially forming series of higher low, it’s highly expected as it breaks 64.55-60 will test 65.00-65.20. and 64.20 is strong support.
USD INR CURRENCY DRIVE, INFI FOREX, FOREX RISK MANAGEMENT USD INR Spot at 64.01, IN this downward trend market is at 23.6 fibo level after testing the fibo level more than 50% 64.55 (If we see history 64.55 level tested many times as support or resistance now is expected that market would be ranging from 63.84- 64.42, in coming sessions, for Importers It’s Good level for hedge at 63.-80 to 64.20 “Best 64.00” , for exporters they are free to hedge for safer side hedge at 64.40 (30-40%), and 64.55( (30%).,..
USD INRUSDINR Spot at 64.06, as we can see it’s forming potentially double bottom, as it break 64.20-24, would be follow 64.40-44 the 64.88-92. Exporters are not suggest to hedge as this point. Exporters can hedge 60% at 63.98-64.08. for next one and half month
