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Usdinrpricetrendanalysis

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: 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.. :)
ULong
by Tradeception_
3
#usdinr weekly inverted hammerThe USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. However the weekly momentum has climbed back to bull zones second time after the cover wave one where first attempt never sustained. The weekly trend is also is bull zones but the ADX strength bent is seen on short term daily charts that is saying that trend strength may be reducing coming days. With the US tapering that could come in soon dollar further strengthen is a threat for those trading short on this with any breakout from the current resistance zone would be ugly. USDINR options strangles can be played if it breaks and hit the next resistance of near 77 levels on November monthly contracts.
by seekedgetrade
9
USDINR Long I hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Long
by EntryandExit