Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We...
Usdinr & Banknifty Morning Setup Ichimoku ,intraday setup for usdinr and Banknnifty morning setup
3 weeks earlier also I had published an idea saying that USDINR could soon see levels of 76, and my target achieved. Now, it looks like its ready for 76.5 by giving breakout of double bottom pattern with rising RSI and positive MACD crossover .
USDINR has given a good volume BO candle on Weekly if it sustains above current level, this BO may give good targets as shown by the wave structure shown on chart. Buy intraday Dips... I am holding Bull Call Ratio Spread... Might also do naked Call Buying with limited risk amount. (amount that I am ready to loose)
USDINR in an uptrend as visible in the weekly time frame. RSI is also in an uptrend and 50 DMA is supporting the candles. A long position can be created, for the target of 75.6500. Buy USDINR Apr Fut and stay in the position till the trendline (black line) sustain.
USDINR - Indian Rupee is in real danger of collapse. RBI has been sleeping at wheel with their loose monetary policy. Hourly ascending triangle breakout near key level of 76.
With oil shooting above $100 a barrel, Indian rupee is on the edge of precipice . @RBI 's loose monetary policy and loose talk on never raising rates is going to push the Indian rupee from the clif. #Nifty #nifytbank #USDINR
Hi Folks! USDINR gave a bearish Momentum lately, now it seems to be stuck in a range. Bollinger bands are also flat with 75.25 and 74.75 as resistance and support. It may make a rangebound flag as per Price action. To make value out of this range, we may consider doing a straddle / strangle Or may go for our usual bear call spread as direction is still...
USDINR just formed a double bottom pattern which shows that it is not interested in moving beyond 74.15 as a weekly closing basis. USDINR has given a breakout in weekly charts above 75.11 hence it can move towards 76.17. Below you can see that its RSI moves in band, hence it can move to test RSI upper band.
Gold looking to go down and probably break the symmetrical triangle on downside
USDINR has broken an inclined Trendline, this can be seen as inverted flag pattern breakdown. {considering upside retracement as inverted flag} Since, 75 seems to be a strong resistance (breakdown level), I am considering Bear Call Spread strategy with next week's (11th Feb) options. Plan your Trade ! Trade your Plan ! Happy Trading !!!
USDINR gave inverted head and shoulder breakout and achieved it's target Now, it is showing bearish divergence with previous high in stochastic. candle close below breakout level shows bear strength. Bollinger Band has started expanding indicating increasing volatality. Trade with SL. Plan your trade. then trade your plan. Happy Trading !!!
USDINR has touched the Inverted Head and Shoulder target Now, it is either retracing or reversing from the resistance point. May capture this movement with SL at top of today's high. Any bounce is a sell. If it crosses 75, next target 74.75
USD INR in an uptrend. Buy USD INR at 74.7600 Keep Strict stop loss of 74.6765 When 4 hr candle closes above 74.8800, buy more lots for the target of 75.1500
TF for analysis = 4 hrs. 74.68 a resistance, which has been tested at least four times previously. With RSI above 50, 14-MA of RSI upward sloping, MACD above 0, DI+ above 30, ADX above 30 & upward sloping; Took a trade of BO above resistance, with SL of Resistance -ATR. 74.68-0.111 = 74.575. Target for the trade in the region of 74.90 to 75. In case of gap...
USDINR is in an uptrend after taking a reversal from 73.7550. Forming higher highs and higher lows pattern on 4hr candlesticks pattern. Now is trading in a channel. As the price breaks the upper line, go long @74.6000. Keep Stoploss of 74.1867
USDINR all time high dec 2037 USDINR all time high then a huge sharp drop about 200% at that point