USDINR
Rupee to get even weakerUSDINR went in a trading range at 73 and stayed there for sometime.
Now it seems to have broken out strongly above the 73 level.
Buy USDINR at 73.15 Stoploss 72.6 Target 73.7
USD/INRBuy dollars as it is strengthening on the back of liquidity tightening in US. Further EM curries are facing more of a contagion. Rupee to shortly reach upto 75 levels.
Do not trade basis this, as I am a novice and I am posting this just to check if my views hold true.
USD INR & Loksabha ElectionOur job is to trade not investigate the reason behind the rise in usd inr before election.
longone day candle should close above the prescribed buy level
refer chart for details
it is so bullish will reach that level
levels for usd /inr usd inr seems overbought in the current s cenario and thus i expect or see a fall in the counter to the levels of a rupee or more fall in coming days
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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Forex Advisory
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.
Currency Drive By INFI FOREX
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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
