USDINR is in Overbought region, With confluence of two Harmonics Pattern we may have opportunity to Short sell near PRZ levels Shorting Range - 78.3150 to 78.4286
Can this happen with USDINR? time will tell, pattern suggest, chart patterns suggest 49 and then 39 as targets in years to come. Use discretion! not a trading recommendation follow @tradestrikes for more
USDINR is moving in range now from 79.72 t o 79.88. Its high likely to continue in the range. One can go for scalping inside the range. If range is broken then Long levels 79.96, 80.05. Short levels 79.66, 79.55
gbpinr makes lower low on daily chart .next support comes around 93.6 and resistance around 95.4
USDINR is moving in a range now. Key data points for 22-08-2022 in spot. If it sustains above 79.86 then it may move up to hit the top of the channel that is 79.97-80. For short, if it breaks the channel and sustains below 79.75 then it may hit 79.65, 79.55, 79.35. Oi data for future, maximum resistance at 80 and support at 79
USDINR showing strong support to not come down. Even Dollar index stands at 107 which is really high. All are due to current global situations and also due to the resilience shown by US economy. At spot market USDINR is at 79.70. For 19-08-2022 if we see long side then in spot market it has to cross 79.75. Next targets will be 79.95, 80.05, 80.20. To go short...
FX_IDC:USDINR Strong bearish WWs on USD INRs. Expecting the USDINR to top-out around 81. Incase that beats, then the next supply zone is near and strong at 83 levels. I expect a dual effect to creep in, i.e., weakness in USDs and INR strength. I am expecting the top to be made for next couple of decades, until 83 holds strong.
#USDINR FX_IDC:USDINR . Move prediction for next 1 year. Very interesting double Wolfe waves formed and indicating a possible downside movement. Couple of strong supply zones ahead matching with the Fibonacci ratios.
DXY above 107 can zoom to 109 INR still resilient compared to DXY Still i think it will have to do catch up with DXY Levels marked for trading... I think 81+ coming on INR soon.
According to the trendline, it should take resistance at 79.2.
After, export price hike on GOLD & OIL, USDINR is not coming down till now.
It is looking like to give a strong breakout, although trading on life highs and it is very painful to see a breakout which is not good for entire markets trendlines indicating where it can go up to
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Dark cloud cover chart pattern. Divergence. SL didn't trigger.
USD INR is seen to have completed its 5th wave of a smaller degree of bigger wave 3rd. It should come lower and this can boost Nifty a bit at the least. This is based on Elliott Wave Theory. OANDA:USDINR
USDINR does not seem to come down with global inflation and Russia Ukraine war going on. With Fed Chair Powel testimony on 22-06-2022, he has clearly said that recession should not be provoked. It means that though inflation in US is on higher side Fed is highly unlikely to increase interest rate by 100 bps. According to a poll by Reuters experts see a similar...
PPI data which is one more indicator of inflation has been in line with forecast of 0.8%. For the month of April PPI was at 0.5% and for the month of May it stands at 0.8%. In spot 77.70 to 77.80 is strong support zone . Though USDINR has pulled back little bit from its all time high. With federal fund rate to be announced tomorrow that is on 15-06-2022 it can be...