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
Buy USDINR above 63.870. Aggressive traders can buy at CMP (63.725) T1: 64.125 T2: 64.670 T3: 65.000 SL: 63.640
US dollar Indian rupee Daily elliott wave analysis It is better to keep in Us dollars rather than in Indian rupee Expecting a sharp depreciation in Indian rupee post the budget
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...
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
Short USDINR between 65.245 and 65.470 T1: 64.800 T2: 64.035 T3: 63.535 T4: 63.250 SL: 66.122
USD 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...
usd will resume downtrend below 63.38 upto 60.35 this will be negated above 65.00
USDINR has been forming broadening wedge pattern. SL: 64.3 Target: 63.6 Regards, tRex Jurassic Park
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 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
There is a clear positive divergence on the charts on both RSI and MACD and the psychological set up on USDINR too supports a corrective rebound . Swing Break confirmation needed which should come around 64.40/-
Aggressive 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
Elliott wave chart of us $ inr (weekly chart) the big picture we are within the wave 3
Look for Support / Break out @ pitchfork trend channel
for educational purpose only - sell on rise is the strategy for usdinr . sell near 66.30 - 66.4 with sl 66.75 for the tgt of 63.75 - 64