Please keep in mind that this is only for futures and positional traders. You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3). There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible. It is important to note that this view is for the next three months...
USDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you...
USD-INR after such a steep rise looks like it is in the 5th wave of bigger degree . Within this bigger 5th wave, which should ideally be the last wave of a Major Rise, normally consists of 5 sub waves in smaller degree . Now, Market is looking in 3rd wave of sub degree of bigger 5th wave that I was talking about in the previous two lines.
FX_IDC:USDINR seems to be forming Truncated 5th Wave. Lot of selling pressure at 83 with RSI negative divergence suggesting momentum Fading. Unless 83 is Taken out on closing basis. It could turn out to be Wave 5 Truncation as per Elliottwave Theory.
FX_IDC:USDINR Analysis: Supports: 82.60, 81.90 Resistance: 83.15 Outlook: Rangebound between 82.50 to 83.25. Safer people can take the lower range as 82. The overall trend is positive with a rising wedge (ascending triangle) pattern.
Can this happen with USDINR? time will tell, pattern suggest, chart patterns suggest 49 and then 39 as targets in years to come. Use discretion! not a trading recommendation follow @tradestrikes for more
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
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...
It seems that the pair is going to take a historic leap...
#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.
It is getting interesting in USD INR... the price continues to grind up while well into a strong supply zone.
Price is now staying put at the 76.45 zone and the probability of it moving up is more unless Sellers quickly take the initiative from the Buyers.
Weekly update - price consolidating / spending time around the supply zone at 76.20. Quite likely, the consolidation might continue in the short-term.
16.04.2022 UPDATE The slow grinding upmove of the last couple of trading sessions suggests absorption of supply.
What lies ahead in USD INR in the short-term? I have marked zones / levels where one should observe the price action and can, accordingly, set up a trade, long, short of neutral.
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...
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.
USDINR Only Close below 73 will be Bearish. Great Setup for Target New High in USDINR for Target 82 in next 9-12 Months.