Usdinranalysis
USDINR 4hr time frame. upcoming week may seen bullish.USDINR 4hr time frame, upcoming week usdinr may seen bullish.
On the daily time frame we can clearly see a bullish engulfing candle closed. on the four hour time frame there can be create a inverse H&S if price gives pullback from 68.79 to 68.44. 4hr time frame rsi is diverging as bullish. daily time frame rsi is oversold and made double bottom. weekly time rsi oversold.
friday market PCR seen increase by 70%/40%. also last friday trade talk has been resumed and market expects a negative call from Donald Trump.
Resistance 68.62, 68.84, 69. support 68.44, 68.38, 68.31.
Strategy:
A long entery can be made at 68.47 to 68.44 stop lose 68.26 targeting 68.79 and 69.15. keep in mind bellow 68.31 usdinr is bearish again.
Bonus point: when you get a chance to win a trade and it's reaches to 25-50% of your target and you didn't booked any profit from your initial entry point and suddenly price reverses and hitts your stop lose. before you were in little profit but same trade turned into a lose.
#From your entry point and between your profit target if you get atleast 25% profit then you should take 25% profit with your 50% position and rest 50% position move stop lose to breakeven now you're in a risk free trade with your remain 50% position. keep trailing when you see more profit. having a profit target is a must but never wait for price to reach your target. I take 50% profit with my 50% position but more safest way is 25% I reccomend.
Look this is my kind of style for profit taking if you like it or not I don't mind.
Thanks!
USDINR remain bearish.USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other US/China trade war sourcery goin on.
USDINR 4 hours time frame short term bullishUSDINR 4 hours time frame short term bullish target 69.105. stop 68.410
USDINR at support zone an up move expectedIf 69.089 holds then a sharp up move expected to 69.442. If 69.002 breaks then sharp down move til 68.80 and 68.70 possible.
USDINR bullish short term target 69.80#USDINR bullish short term target 69.80.
Fundamentals. #wtiCrudeoil will back up this week from 54 to 56, cues RBI has puts out revised circular on stressed assets, and rate cut policy still in effect.
USDINR short term bearish. crude oil got broke all the way.USDINR short term bearish. crude oil got broke all the way as it was the only fundamental for usdinr
USDINR bullish againUSDINR bullish again.
If Crude oil drops a little bit or more I don't think usdinr will hold bullish momentum.
USDINR's Market structure are in complete bearish mode.USDINR's Market structure are in complete bearish mode.
Darn!! Consolidation bull flag has broken to upDarn!! Consolidation bull flag has broken to up.
After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
Nice level to short here for target of 69.92 and then continuesNice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering
USDINR Four Hour Chart Dragonfly Doji appeared at bottom USDINR Four Hour Chart Dragonfly Doji appeared at bottom
it can kick up USDINR to 70.50 till EOD.
USDINR Four hour chart seems bullish Bearish flag broken to up.USDINR Four hour chart seems bullish Bearish flag has broken to upside.
Sentiments: Crude oil up 46.33 by +0.1%, Brent oil up 54.75/+0.1, Natural gas up by +2.43%, US Dollas index up 95.80/ +0.08%, EURUSD up 1.146/+0.14%, JPYINR up .6312/+0.40%, GBPINR up 89.012/ +0.26%, EURINR up 80.4630/ +0.46%, USDINR up 70.18 /+0.08%.
Technical buy signal, bearish flag has broken to upside,
Fundamental: Nifty 50 down by 175.50, Bank nifty down 380.70, Sensex down 576.50, India Vix up 15.56.
USDINR can reach 71..?
Bearish Flag on USDINR Four Hour ChartBearish Flag on USDINR Four Hour Chart.
Guess the target for downside 69.50-30??
Darn!! Looks like USDINR will hit 69.50 againDarn!! Looks like USDINR will hit 69.50 again
Technical: There's a bearish flag pattern has formed after a dip down from it's crucial support zone at 71.60.
Fundamental: Fed rate hike was a big hype and dubious for market speculation. unfortunately Nifty could not able to make it 11k and still struggling at support zone 10850. Crude oil trying to come up after a dip dive people are having fear of over supply - demand. US Dollas Index which people call it safe heaven doing it's things.
USDINR four hour chart looks bullish Long 72.30 TargetUSDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
