Get started

Usdinrlong

USDINR - all time highs will be taken out in November?USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium. 83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107. Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that interested. TVC:US30Y quoting 4.945% looks exciting from a debt perspective ! -- A rising USDINR means the INR is getting devalued. Calendar year 2022 saw an erosion of 11.07%, YTD is only 0.61% - will the rising US yield + war in middle east further erode the Indian Rupee??
Long
by viswaram
USDINRIn the past times, USDINR is trying to hold its level and now we can see more rise above the levels Characteristics of Triangle pattern A pattern that has the following characteristics is more effective. + Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect. + This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support). How to enter a trade is as follows. When the price breaks out of the resistance, open a UP order. You can open the order as follows: + Entry Point: When the candlestick finishes breaking out of the resistance. + Stop-Loss: At the level where the price last hit the support before breaking out. + Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle. #triangle
by SUTHARTRADE
2
USDINRPlease 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 and is not recommended for short-term time frames.  Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.  Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
Long
by WECLAN
USDINR 9 Sep Expiry View USDINR moved downwards as expected in previous post... Now, considering a strong 50 EMA support, we have got Bullish Engulf on it. Past behavior of USDINR also gives us a reference that whenever we have a bullish pattern at 50 EMA support, we get an uptrend. ( Right now, trend can be cautious bullish, however, if it crosses All Time High, then we may get a fast move too.) And looking at Option Chain of Currency, there are significant writers at 79.5 PE Overall, verdict is bullish and strategy can be Bull Put Spread. SELL 79.5 PE and Buy 79.25 PE for downside protection... Plan Your Trade and Trade your Plan !!! Happy Trading !
ULong
by NeelamN