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I have been tracking USDINR since august.
I am smol and I'm not a professional.
I trade all F&O, Equity, Commodity and Currency.
I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals.
Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to communicate with your each point.
Usdinrlong
Short USDINR Target 71.32 short termShort USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
USDINR Target 72 short termUSDINR 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 Short again 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 (:
USDINR Broke all support 69.50 can be archived till expiry.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 (:
Tomorrow USDINR we may see more recovery or sharp up mov for USDAs per Technical and chart pattern there's a strong support at 71.50 it can bounce back for the next level target of 75-76. but tomorrow we may see more recovery in USDINR if RBI and Government meeting favored fundamental or it can took sharp up move for USD.
Let's see tomorrow what happens
USD/INR Long Opportunity From 72.8000 USD/INR long From 72.8000
Target Point 74.3000
Stop Loss 7250
Stay Tuned.......!!
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USD/INR Currency DRIVE USD INR spot @ 66.24, market is currently trading near resistance 66.30, forming series of higher low, as it’s break resistance level, will test 66.60 then 66.80
Do not complicate with market, its simple follow the price action
Expected Range of the week : 65.98-66.60-80
S2 S1 Pivot R1 R2 R3
65.62 65.98 66.20 66.30 66.60 66.90
USDINR weekly chart studyUSDINR is all set for a breakout. 65.00 is going to be important support.
Buy USDINR above 65.60
T1: 66.30
T2: 67.00
T3: 67.80
T4: 68.50
SL: 64.60
USDINR(OANDA): Buy @ 64.980 SL 64.566 TGT: 66.10Buy USDINR on OANDA at 64.98 with SL 64.56 and Target of 66.10
USDINR buy setupBuy USDINR above 63.870. Aggressive traders can buy at CMP (63.725)
T1: 64.125
T2: 64.670
T3: 65.000
SL: 63.640
USDINR - At Short Term Supports USDINR face fine support within (64.70-64.80) and a multiple time test of this range sees a clear divergence with the MACD indicator. On the higher time frames, momentum indicators too have created a divergences which suggest that the Dollar will try to appreciate from current prices. However we should wait for a confirmed break above 64.90 for further upsides from the pair.
USDINR (hourly) buy for 65.10Aggressive buy at 64.70 or wait for the breakout to happen at 64.80.
keep stop loss at 64.60 and trail it.
Target 1 : 65.07
USDINR- Amazing 67.15- U Turn from 67.15-67.41Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal.
Related analysis attached below for USDINR- How it turned from 67.15-67.41 zone- click the links below to get the charts & load the bars-to see how it moved
USDINR: Harmonics at work - Potential ABCD pattern Here we have potential ABCD completion around 66.1's in USDINR but it will happen only after the support at 66.5's takenout. As of now I expect USDINR will move little up to 66.85's before starting its downward move. Incase the resistance is taken out, we need to decide based on what happens after that.
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