Big Breakout In USDINR. Will Equity Market Fell ??Buy USDINR At Cmp - 82.68 & On Dips To 81.6
SL - 80.4 ( Weekly Closing Basis )
Target - 93
Usdinrchart
Rupee is gearing up for move!!!!Rupee is gearing up for move if dollar index starts closing below 99 then rupee will move towards 80 & 78. If dollar index move towards 104 then rupee can give more above 83 towards 85 & 87 then Bank Nifty also take back seat & IT sector move. Trade with stoploss & happy trading.
USDINR: Breakout and retest done, 75.50 coming?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 of the story..
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Manage risk properly and trade your plan.
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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 ViewPrice squeezing and may break either side...
Bias is Bullish though will act on break out / break down...
USDINR Inv HnS USD INR at a good level
if Head n Shoulder breaks out, then we can get a good long trade.
Expecting a Up move in USDINRIt may take a support near 72.6 and bounce towards 73.5.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
USDINRUSDINR is trading under the descending triangle which is a bearish chart pattern and if it breaks the lower purple line, then we may see targets marked with the black lines.
If it falls, it would Impact BankNifty positively and we may see BankNifty trading at higher levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
USDINR - Bullish Reversal from supportNote: This is for educational purpose only.
There seems to be a bullish reversal from demand zone with increasing volumes.
USDINR - Hammer at SupportNote: This is for educational purpose only.
There seems to be a bullish hammer at support with rise in volume. Moreover, there seems to be a bullish RSI divergence.
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.
Algorithmic Derivation of Levels for USDINR : 12th March 20USDINR Algorithmic + Technical Derivation of Levels
Please feel free to comment and share ur findings
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.
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!
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 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.
