Big Breakout In USDINR. Will Equity Market Fell ??Buy USDINR At Cmp - 82.68 & On Dips To 81.6
SL - 80.4 ( Weekly Closing Basis )
Target - 93
Usdinrtrader
USD/INR preparing to move!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 on strong down moment on 4 hr tf
ALL THE BEST!
USDINR ViewPrice squeezing and may break either side...
Bias is Bullish though will act on break out / break down...
USDINR Inv HnS USD INR at a good level
if Head n Shoulder breaks out, then we can get a good long trade.
USDINR - Hammer at SupportNote: 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.
Algorithmic Derivation of Levels for USDINR : 12th March 20USDINR Algorithmic + Technical Derivation of Levels
Please feel free to comment and share ur findings
USDINR remain bearish.USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other US/China trade war sourcery goin on.
Bearish Flag on USDINR Four Hour ChartBearish Flag on USDINR Four Hour Chart.
Guess the target for downside 69.50-30??
USDINR four hour chart looks bullish Long 72.30 TargetUSDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
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
