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.
USDINR
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%).,..
On way to test resistance USDINR should test Rs 64.50 and 65 levels in coming few days which will act as major resistance zones.
Once cleared , a fresh view can be taken !
RAJIVKHATLAWALA
USDINR buy setupBuy USDINR above 63.870. Aggressive traders can buy at CMP (63.725)
T1: 64.125
T2: 64.670
T3: 65.000
SL: 63.640
USDINR - At Short Term Supports USDINR face fine support within (64.70-64.80) and a multiple time test of this range sees a clear divergence with the MACD indicator. On the higher time frames, momentum indicators too have created a divergences which suggest that the Dollar will try to appreciate from current prices. However we should wait for a confirmed break above 64.90 for further upsides from the pair.
USD is in downtrend can go upto Rs. 58.USD:INR is in a downtrend so on every rise 2%-3% sell on rise strategy wil work very good with a good stop loss. In my view it is going down between 58.50-58.00
USDINR short setupShort USDINR between 65.245 and 65.470
T1: 64.800
T2: 64.035
T3: 63.535
T4: 63.250
SL: 66.122
USD INR View-- Infi forexUSD INR Spot at 65.05, after 4 months, i'm expecting if market holds 64.90, would break 65.20, 65.60 then 66.10. on the other hand support is at 64.70, then 64.30.. most probably it's expected on higher side exporter should hedge at least 50% of their exposer, at 65.20 Spot for next 2 months. and importers hedge at 64.90.. if break it then at 64.70..64.30....in the coming Weeks. It's not expecting to down more then 64.30.
USDINR short setupUSDINR has been forming broadening wedge pattern.
SL: 64.3
Target: 63.6
Regards,
tRex
Jurassic Park
USDINR - 'time correction in progress?'USDINR seems to be taking too long deciding a break out of the range of Rs 65 and Rs 64. Keep an eye on Rs 63.95....
Ascending Triangle on USDINRAscending Triangle pattern formation on USDINR and the price near to the DEMA 200.
Trade:
Buy above - 65.025
Target 1 - 65.525
Target 2 - 66.135
Stop Loss - 64.295
USDINR (hourly) buy for 65.10Aggressive buy at 64.70 or wait for the breakout to happen at 64.80.
keep stop loss at 64.60 and trail it.
Target 1 : 65.07