FX_IDC:USDINR Indian Rupee at all-time low which can mean: 1. RBI will intervene next week to make the bull run slow 2. Evening star at 4 hours look promising. One should watch the next 4 hourly candle. 3. The previous high, 77.88 can be a resistance for the next consolidation. The consolidation is possible as the Dollar is at all-time high and RBI might intervene.
USDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the...
The chart is self explanatory. It is taking support from the bottom , making a wedge pattern . This is not an trading idea . Just for education Happy trading
USDINR has reached it's upper range where it has faced resistance several times as visible on charts. Avoid fresh longs here and an aggressive could also take a short position here with very small stop loss. RSI is also facing resistance near 72 which is again negative sign. Although, USDINR could make some fall but, that is always good for the market and...
#USDINR spot pair formed a Rally-Base-Rally pattern on a daily chart. Fundamentals also support the current bull trend. #Rising Interest rates #Increase in India's trade deficit. #Current economic conserns.
USDINR 13 May Expiry view Looking at Price action, it has shown a clear BO of Inverted Head and Shoulder with good volume. Next Target can be next resistance or 77.160 if breaks this too then ATH-all time high level 77.416 (round to 77.5) May Sell 76.5 PE and buy 76.25 PE for hedging ( execute this when you get a dip, view - buy the dips ) Plan Your Trade and...
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price) 4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking. After a consolidation sale March 2020, ...
77 coming s0on very comfortably.... Trading levels Plotted.... Happy Trading.... Like... Share... Follow...
USDINR multi-timeframe analysis * On Monthly - last month Price tried to show a downtrend but failed to make a new low and ended up printing Inverted Hammer (Bullish Sign) * On Weekly - High of previous week hammer taken out (Bullish Sign) * On Daily - High of neutral candle printed on 13 April 2022 taken out (Bullish Sign) Reversal Chart pattern - Inverted Head...
USDINR has broken down and then took support with bullish divergence it has a good resistance of long term EMAs (200 EMA and 50 EMA) also now Looking at Bollinger bands also it seems they are squeezing... confirming the view of price going sideways range - between 76 and 75 Recommendation : I am going for monthly expiry short iron butterfly. As monthly future is...
The chart is going to form a cup and a handle pattern and is for a longer time. It could be possible that we can see a spike in usdinr sooner than later!
USDINR Formed kind of bearish flag pattern if it breaks the inclined TL downwards, then T1 : 75.75 further if it breaks that level too, then 75.54 But if it breaks the high of evening star and inclined TL above, then 76.46 is the level to watch for, if it breaks that then USDINR may get bullish again. Plan your Trade ! Trade your Plan ! Happy Trading !
#usdinr is on a rounding bottom. in future, it will be bullish and move towards 79 to 81. In long period We can take a bullish position ..... Buy April & may future. Sell 77 - 78 CE and Sell 76 PE for monthly position. In short period, it has resistance at 76.6, if it crosses 76.6 upside can be 77.3 if it reverses from 76.6, it can touch 76.0
Hi Folks ! USDINR is now seen in a crucial level near 76 * It has retraced only 38% from recent dip * Retest done at previous breakdown level which was also a support level earlier * Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level * Chart pattern : If we look at this...
USDINR as expected moving in a neutral to short range as per our expiry view posted previously.... Now that we are watching a Sandwich pattern formed on 4Hourly timeframe, if it breaks down then there is a flag breakdown also with a breakdown of 50 EMA this confluence may trigger an excellent Option buying opportunity. For buying, use next week's option or...
USDINR going to face so strong resistance in upcoming days. Test this level more than 5 times. But it was unsuccessful. All time high for 2020 to 2022 was 77.00. This also strong resistance becoz initative sellers entered due to price is above its fair value. As fer this 76 to 77 range was not fair price and not accepted by sellers past 2 years. This USDINR longs...
Shorting USDINR Reason:- 1) Near long term resistance double top pattern in daily 2)ROC breached downside 3) RSI and Price in bearish divergence formation early in daily chart , 4hr already done Keep SL 77.15 or trade in option hedging sell 77 Call and buy 78 Call
Crude import accounts for nearly 20% of India's import bill. day by day if crude prices goes up, we will see major impact on INR, inflation and profitability of many companies. so if you are currency trader trade carefully.