Got long on USDINR. Reason to buy:- 1. channel support 2. Hammer formation in the weekly chart. Don't take naked future long. Always go with a hedge - For example in my trade, I buy USDINR future and bought 73.75pe for the purpose of hedging. Note: I am not a sebi registered advisor, please don't take a trade because of my analysis. Always consult your...
The Currency Pair is at a level of being pulled off towards its 50 and 20 MA Lines and can act as a support base before it can be expected to make another movie again. The Immediate support levels look like 74.8400. The RSI seems to be calmed down with Higher Tops making flat peaks. Although RSI Convergence is yet to be seen, don't expect the pair to be too...
A parallel channel uptrend After taking a support.
All Levels mentioned on Chart your part is to manage risks wisely as you are responsible for your understandings
USDINR Only Close below 73 will be Bearish. Great Setup for Target New High in USDINR for Target 82 in next 9-12 Months.
Take profit of 2 pip when prise goes up .When prise is cross the upper line no test for retresrment .direct u buy
may be collected till 73. buy fut of feb & hold for 1-2 months. position size must be taken with care because of high leverage. target 76+.
USDINR formed a bullish hammer after entering the Daily Demand Zone. USDINR has been falling continuously for almost 10days.Looks attractive buy at around 74.48- 74.50 with stoploss of 74 for target of 75.00, 75.50, 76.00
USDINR is at the previous support level. Printed two hammer at the support level with Stochastic Positive Crossover Wait for a Dip to go long as an inverted head and shoulder pattern seems to be forming on hourly TimeFrame... Stoploss below the low of the hammer
I am expecting much spike in USDINR and is headed for 76.639 trade at your own risk
FX_IDC:USDINR chart for the post corona fall phase shows that the present level is at; A) 78.6% Fibonacci extension level from the Feb 2021 bottom B) Resistance line of upward channel formed since May 2021 The intersection level at 75.96-75.98 is playing as the last resistance point before its move to lifetime high of 77.
You view please! The selling from FII is nonstop. May be they have a conviction of rupee depreciation against USD...the rounding bottom formation on USDINR chart is worrying..
USDINR gave a fantastic rally, however, now the price is narrowing upwards, causing a wedge pattern. its time for the breakdown of the wedge, if it does, good short trade activates.
USDINR seems to take a momemtum above 75.20 as it is a long term trend line level This trend line breaks the flag pattern of USD INR made from its All Time high level Good volume candle printed on 4hourly Any pullback will be a long opportunity My Trade will be SELL 75 PE BUY 74.75 PE Bull Put Spread I might also add a naked 75 CE to gain the momentum if it...
USDINR has broken out of the symmetrical triangle pattern formed on the weekly chart which I had discussed in my previous idea. After that it has done a retest of the pattern trendline and the 20EMA on the daily chart. If we observe a continuation bar forming, as explained on the chart, we could see a retest of 75.50 pretty soon. Stay tuned for the continuation...
USDINR is a a crusial level long term trendline broken upside Trend is Uptrend View : Buy the Dip My trade : Bull Put Spread on any dip Plan your Trade !!! Trade your Plan !!! Happy Trading !!!
usdinr as per chart usd getting power while inr loosing the same the pair given a breakout thus shorting inr and buying usd as per above will work usd may move beyong 75.5 zone as well while support at 73 areas