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...
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 !