Usdinranalysis
USDINR - Bearish breakoutNote: This is for educational purpose only.
There seems to be a bearish breakout in USDINR with ultra high volume. However, RSI is below 30 which indicates oversold. Don't aggressively short this pair. There is a possibility of some bounce back before the next down fall.
4hour USDINR more to fall bellow 74Bearish usdinr is more to fall bellow 74.50 and 74. as the Indian market is bullish currently usdinr will appreciate more simple logic.
Usdinr late post same idea nothing changed.74.66, 75.22, 75.47 three higher lows breaking out from long consolidation pushing price extremely higher highs.
Reasons:
1. Nifty fall and gain
2. consolidation break out and pullback
3. bullish divergence on oscillators
4. Bullish structure.
Usdinr 4h. Similar idea to JpyinrA small slow pullback to 75 and then drop below today's low to 74.50 noted.
Reasons:
1. Rsi divergence
2. Price closing lower low
3. Price following a downward slope parallel channel
4. There's a 50 and 618% retracement at 75.00
Check Jpyinr idea here link down below
USDINR 4H. Pattern broke out and price took support at 75.84.Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move.
if it happens taking support at 75.84 then 77 and 78 on the way.
Reasons:
1. Price broke out the long consolidation pattern Triangle, pennant .
2. Keeping in that RSI still deviating but price structure is still bullish .
3. Price took support at pattern break out level 75.84. (Watching) *if it really happens then carrying long position is a good idea looking for 77 and 78.
USDINR Daily time frame. what could possibly happen?I'm having bearish sentiment.
Reasons.
1. Usdinr at lifetime high.
2. Rsi strong bearish divergence.
3. price is in a consolidation triangle zone.
Question is, which way? I'm seeing probability is downside as per ordinary theory.
Algorithmic Derivation of Levels for USDINR : 12th March 20USDINR Algorithmic + Technical Derivation of Levels
Please feel free to comment and share ur findings
USDINR - Cup and HandleAs observed the USDINR pair has curved out and formed a bottom followed by a drop. The INR has then depreciated against the greenback breaking out from the consolidation phase. However the RBI's intervention can act as a strong resistance for the USDINR from spiking upwards. In the last 2 trading days as the Dow has fallen by ~14%, this has not had a major impact on the USDINR pair.
USDINR Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 10 to 12 times.
USDINR brief overviewUSDINR is moving in a wedge.
Longs can be added on closing basis after break of upper line.
SHORTS can be added on closing basis after break of lower line.
Not advisable to take positions on inside the wedge.
Will update more on any significant moves.
Date: 10/09/2019
This is the 3H chart.
Your positions are your own sound decisions. I am not responsible for your trades.
Trade safe
USDINR short term 70.323.
as the Indian equity market little revive usdinr will retrace somewhere around 70.50 and 70.32.
Confluences & Reason:
1. Bearish Rsi divergence on the daily time frame.
2. Pattern rising wedge broke out to the downside.
3. pivot level fib 38% and 50% retracement price at 70.32.
Long USDINR for the targets of 72.45With a sudden rise in USDINR and little Consolidation is going on. One can buy at the current levels of 71.50-71.55 for the target of 72.45-72.50.
With an SL of 70.70-70.76 for the September month.
USDINR 4h,can take a bearish dip following divergence on the RSIit seems an ending diagonal has formed and a bear divergence on the rsi can favor a bearish dip. it might open a new door to big players accumulate but if price really holds 70.65 and 70.32. otherwise it will drive into bearish trend. following long time frame usdinr does not look it will enter into bear trend certainly as usdinr having no favorable sentiment. Indian market is in negative sentiment since jun and july and still driving lot of institutions into crazy.
downside target is 70.62, 70.32 and 70.
Reason: Confluence
1. On the rsi we're having a strong bearish divergence.
2. there's seems to be an ending diagonal but not confirmed.
3. price confirmation at 1.272 fib level drawn from may 13 high 70.76 to low july 11 68.13.
I've randomly mentioned some of my previews analysis on USDINR if you have time to check then good luck.
What's on your mind? USDINR 74.69. Hi, we saw USDINR's 2018 move from 68.31 to 74.48 and now we are on the same phase of market cycle from 1 august to october 10. 2018. I'm expecting same market cycle in 2019 along with other three INR pairs EURINR, GBPINR, and JPYINR. do your maths.
I'll keep updating when I see new opportunity. Thanks!
Be neutral. empty your brain. learn and unlearn. abandoned the ego. be humble. accept things that are part of the game and play well.
Hi, We have got a situations here. USDINR 4h time frame.Discretion!! I am only 35% of the time right in my analysis and 65% wrong. I still make money but I can't gaurantee yours money management and position sizing is really matters if you don't know how educate yourself.
Reasons for shorting: We got a bearish divergence at 4h time frame, daily trend is still remain bearish, weekly time frame price gave a currection and still remain bearish, monthly time frame price is pushing up creating a bull pin bar showing it like there's a huge demand.
Price toped at bearish channel high reference from high 70.77 May 13. conviction
although this is a short term currection on the bull side. Boarder retail traders now turned bullish as well as current news sentiment and Indian equity market is in negative, crude oil current price is 56.32. following Indian market's currection we have to be cautious and that's it.
Conclusion.
Strategy: Plan A. Sell 69.004 or bellow 68.851. targeting 68.719, 68.497, bonus point 68.341. STOP LOSE 69.138.
Plan B. Buy above 69.158 targeting 69.25,69.50.
Resistance: 69.053 strong one. resis 69.10, 69.138, 69.15, last 69.20.
Support: 68.726, 68.543, 68.447, last 68.341.
Thanks!
