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.
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...
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...
If 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 short term bearish. crude oil got broke all the way as it was the only fundamental for usdinr
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 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...
USDINR 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
USDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week. Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR. All Jhingalala (:
Short USDINR 69.50 can be archived till November expiry. it broke all support and Fundamental also favoring RBI also Brent oil, Crude oil all down. All Jhingalala (: