USDINR...Closed above Monthly Bearish Level....
We can see 73.8899 soon that's the monthly Bullish level...
Only above monthly bullish level...74.09-74.05 level soon....
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USDINR
** MONTHLY(SEPTEMBER) ANALYSIS OF VARIOUS SECTORS **I on behalf of the Advisory has tried to analyzed all the sectors provided time was limited.
Including various Indices.
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#USDINR slipping within channel#USDINR first week after previous months gravestone doji seems working and it lost grip of previous resistance
and now is heading down to channel median with 3 bearish candles. Momentum is resisting on rsi second time
each time attempt to break hit channel top.
USDINR Go long at aroung 72.4USDINR strong support aroung 72.35-72.40. Go long in this range. Target 74 - 74.50
USDINR View After a successful rally Upside, we have analysed that it will rest now.
Range bound movement is expected...
May go for strangle after tomorrow's expiry is closed.
USDINR View 27 Aug 2021USDINR in a downtrend channel still as published previously.
Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline.
If it fails to break down, then sideways view continued till it breaks upside.
Will look for price action tomorrow and take position of bear call spread if it favors my view.
Happy Trading !!!
USD INR : Inverse H&S It form Inverse H&S pattern. it may test 74.74 and 74.90 soon stop loss 74.00
USD INR has inverse relation with Nifty so.......
USDINR View USDINR finally printed an Evening Star kind of pattern,
taking resistance of a downtrend channel.
Not in any trade this week as I was not very clear with my view.
Now, will take the trade tomorrow, based on price action,
will try to execute bear call spread and will try to sell on a bounce if I get one.
USD/INR preparing to move!Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move.
Things to consider:
1. Ascending Traingle formation
2. Monthly Resistance
3. Macd & RSI indicating down move
4. Half M formation (could complete to make full M)
How to enter:
1. Review the market conditions as i presented
2. Locate the monthly resistance
3. Take entry on strong down moment on 4 hr tf
ALL THE BEST!
#USDINR monthly gravestone Doji on flag pattern channel top#USDINR gravestone doji candle pattern on monthly channel top of a potential bullish flag pattern could mean some period of down move at least.
USDINR Strategy deployedUSDINR is stucked between 50 & 200 EMA
Hence, the strategy applied is Short Iron Condor
Sold ATM CE & PE
Bought OTM CE & PE to cover Sold Options / Hedge
Break Even Points
Downside BEP 74.11
Upside BEP 74.64
Max Profit expected : 12%
USDINR Eagle's Eye View USDINR in Channel
Taking Support and Resistances in the channel drawn.
Looks downtrend in near future.
Happy Trading !!!
USDINR View 23rd July ExpiryUSDINR not making higher high or lower low
range 74.40 to 74.75
Made Short Iron Condor.
Sold 74.75 CE & 74.25 PE
Bought 75 CE & 74 PE
Will exit bear call spread if breaks down
or exit bull put spread if breaks up.
USDINR approaching channel top#USDINR that bearish wick is RBI doing its job fundamentally and channel top resistance chartwise
USDINR View Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1
of Head and Shoulder breakdown target &
200 EMA Support. If breaks further,
then T2 can be achieved which is a support of 2 hammers printed previously.
Scenario 2 : If it does not break and open flat or gapup,
it may consolidate here before breaking down. Range 74.5 - 74.25
Scenario 3 : It may achieve T1 and do a false breakdown of the inclined trend line (& 50 EMA) and again bounce back up.
Look for bullish candle patterns here.
USDINR View 16 July Weekly Expiry View and StrategyPossible Top is formed with Fake Breakout and strong inverted hammer.
View : Sideways to Bearish
Resistance @ 74.75 Support at 74
Short Straddle 74.75 or 74.5 Strike is possible
Or my favourite Bear Call Spread.
Sell 74.75 CE and buy 75 CE
this must be done on bounce, if we get one for this week's expiry.
USDINR View USDINR formed a bearish divergence
Carrying a bear call spread for this week's expiry
Sold 75 CE
and Hedged 72.25 CE, buying it.
DOLLAR INDEX USD INR ANLYSISUSD INR:- it is working as per our analysis. it reverted from 73 and both targets were well achieved 73.44 and 74.20. Now it is sustaining above 74.20, so it may test 74.68 to 74.74.
It has inverse relation with nifty so correction may come.
Dow also has at major resistance as per chart 35500.
USD/INRNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
