USDINR 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
Short 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.
An attempt to make sense on us dollar indian rupee
USDINR 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 made a bullish H&S pattern on hourly charts. Buy at 71.25 Stoploss 70.65 Targets 71.5 72.8
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 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 (:
looks like retracement has started in the longer time frame
After 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.
positional short opportunity on rise upto 1900 zones !
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 (:
usdinr is trading around resistance of 72.20....one may go short tomorrow
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