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...
Buy USDINR At Cmp - 82.68 & On Dips To 81.6 SL - 80.4 ( Weekly Closing Basis ) Target - 93
Initial targets of USDINR on breakdown in dollar. High volatility can be expected - pyramiding will be best approach Use Discretion!
1st BUY 82.02 (30% of your capital) 2nd BUY 81.73 (30% of your capital) 3rd BUY 81.43 (30% of your capital) A margin call of 10% must be maintained. Note: Only buying (long FUT or Monthly CALL) is recommended here; no shorting or bearish trend is recommended; almost all events are happened so strong naturals (above > 82.39); do not buy weekly CALL options and...
FX_IDC:USDINR SIDEWAY WAIT FOR BREAKOUT OR BREAKDOWN DO OPTION STRATEGY short strangle option
The chart is self explanatory. It is taking support from the bottom , making a wedge pattern . This is not an trading idea . Just for education Happy trading
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...
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...
Closed above Monthly Bearish Level.... We can see 73.8899 soon that's the monthly Bullish level... Only above monthly bullish level...74.09-74.05 level soon.... Like... Share.. Follow...
USDINR finally printed an Evening Star kind of pattern, taking resistance of a downtrend channel. Not in any trade this week as I was not very clear with my view. Now, will take the trade tomorrow, based on price action, will try to execute bear call spread and will try to sell on a bounce if I get one.
Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move. Things to consider: 1. Ascending Traingle formation 2. Monthly Resistance 3. Macd & RSI indicating down move 4. Half M formation (could complete to make full M) How to enter: 1. Review the market conditions as i presented 2. Locate the monthly resistance 3. Take entry...
Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....
Trend has turned positive, going below 73 can reverse it to neutral or downtrend.
USDINR is currently trading at a very important resistance zone. A weekly closing about 74 levels will be very important.
USD INR at a good level if Head n Shoulder breaks out, then we can get a good long trade.
Note: This is for educational purpose only. There seems to be a bullish reversal from demand zone with increasing volumes.
USD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line) could be retested.
Note: This is for educational purpose only. There seems to be a bullish hammer at support with rise in volume. Moreover, there seems to be a bullish RSI divergence.