USDINR Jan 1st Week ViewUSDINR is at the previous support level.
Printed two hammer at the support level with Stochastic Positive Crossover
Wait for a Dip to go long as an inverted head and shoulder pattern seems to be
forming on hourly TimeFrame...
Stoploss below the low of the hammer
Usdinrlong
USDINR View USDINR seems to take a momemtum above 75.20
as it is a long term trend line level
This trend line breaks the flag pattern of USD INR made from its All Time high level
Good volume candle printed on 4hourly
Any pullback will be a long opportunity
My Trade will be
SELL 75 PE
BUY 74.75 PE
Bull Put Spread
I might also add a naked 75 CE to gain the momentum if it crosses 75.20 and above with an hourly candle closing above 75.20 with good volume .
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..
_______________________________________________________________________________________________________________________________________________________
Manage risk properly and trade your plan.
Like and follow for more.. :)
USDINR View USDINR is a a crusial level
long term trendline broken upside
Trend is Uptrend
View : Buy the Dip
My trade : Bull Put Spread on any dip
Plan your Trade !!! Trade your Plan !!!
Happy Trading !!!
USDINR View - Bullish
USDINR has broken out of range after about 20 days.
Good Volume candle
Chart pattern - Triangle Break out
Bull put Spread strategy for next few weeks...
USDINR: Breakout or Breakdown?On the weekly USDINR chart, there is a symmetrical triangle kind of a formation. It has taken about 20 months to form on the chart. This pattern could break on either side. My bias would be on the long side because the overall trend on the weekly and the monthly chart looks definitely bullish. But I would be open to re evaluate the scenario if it breaks the pattern and the trendlines to the down side.
Possible upside long term target: 81
Possible downside long term target: 67
Wait for the breakout and retest on either side, then trade on smaller timeframes.
_______________________________________________________________________________________________________________________________
Manage risk properly and trade your plan.
Like and follow for more. :)
USDINR View current weekHello Guys!
Hope you had enjoyed the festive season...
I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad...
May God shower blessings on all of us...
Sorry ! As I did not post anything for a while...
This week's USDINR view is as follows :
USDINR was sideways for quiet sometime, consolidating in a triangle pattern.
It broke upwards today and I see a target of 74.25 slow and steady. Support at 73.5
So, Bull put Spread can be a good bet. Sell 73.5 PE and Buy 73.25 PE
OR
We may also Sell Strangle 73.5 PE and 74.5 CE to eat premium
DOLLAR INDEX USD INR ANLYSISUSD INR:- it is working as per our analysis. it reverted from 73 and both targets were well achieved 73.44 and 74.20. Now it is sustaining above 74.20, so it may test 74.68 to 74.74.
It has inverse relation with nifty so correction may come.
Dow also has at major resistance as per chart 35500.
USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
US dollar will likely strengthen in the long term.Quantitative Easing is essentially trapping the US dollar in the financial system which will cause disinflationary pressures in the future. USD will likely strengthen in the future to all-time highs. USD/INR is forming a falling wedge pattern taking support on a trend line. Very good opportunity for long side exposure on the dollar.
Long USDINRUSD/INR
FX_IDC:USDINR
CMP - 72.904
Stop - 72.100 on DCB
Expectation -
T1 - 74.500
T2 - 75.770, Review at 74.500
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
USDINR ViewPrice squeezing and may break either side...
Bias is Bullish though will act on break out / break down...
USDINR View USDINR broke out and retested the 72.64 level
Also, the retest is fantastic with a big rejection hammer candle (bullish sign)
Buy the Dip is the view....
Making flag n pole continuation patterns
USDINR BULL TRADE SETUP AS PER RISK REWARD RISK REWARD BASED TRADE SETUP FOR USDINR \NEAR TRENDLINE SUPPORT , AND BASE AREA
USD INR weeklyTill 72 support is not broken it is in uptrend, has good potential for a good up rally touchin 80-85 levels
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
