JPYINR is resting at 200 week moving average (200WMA) on the weekly chart. The overall price action is bearish as the pair has been on a continuous downtrend since Nov'20. Will be interesting to see how the price behaves at this level. Bullish forces can take the price upward as 200WMA can be a good support while bearish forces can take the pair further down...
JPYINR started falling after the formation of double top @ .7175 level. It is in downtrend forming lower high and lower low. But If we analyze the current chart structure then we found double bottom chart pattern and bullish engulfing at second bottom. It is a good time for accumulation. If price sustain and go above 20 EMA then we can expect to touch or cross...
JPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well. Good time to wait and watch and take a trade when either side seems strong.
JPYINR 0.66893 has formed head and shoulder pattern before consolidating in a rising Chanel. During this week It is likely to give a breakdown from the Chanel. The target of the pattern would be 0.6653, about 40 paise below current price. It will not be valid above 0.6711 about 20 paise above the current level. Risk:Reward= 1:2 Disclaimer: This is not a...
Maruti Getting ready for a swift ride! Candle trespassing with TinyIC TinyIC Range 1.4465 - 1.4525 crossing move decides Bias: Up side with Candle Shunting
This is just for educational Purpose. Can be bought since it is in Support.
FX_IDC:JPYINR Expecting Breakout Failure Buy on 0.6933/-
JPYINR Is moving in a Ascending Triangle Pattern, which is bullish continuation pattern with strong conviction. Above the Flat Horizontal Trend line breakout, price will move upside for the good TGT.
Buy JPYINR At Cmp .71492, Strict SL - .685 (DCB) Target - .795
Buy jpyinr with the sl 0.69800 Target of 0.71800
The chart is clear with the Tenken-Kijun Sen crossover. Kijun is moving down but it will recover from Monday onwards. JPYINR is in between it's resistance and support zone hopefully it should touch resistance zone 70.50-71. The call is low bullish call but worth taking risk. Stoploss can be taken a buffer below kijun. Thank you Trading View and my followers and...
#JPYINR #Elliottwave Long term wave counts indicate bullish move in the years ahead, the final wave means #Rupee depreciation in the years ahead. Short term counts will also be published on this handle soon
STRONG SUPPORT AND AND RESISTANCE DRAWN
JPYINR is currently trading near a very strong support zone of 0.6980. The 100 days EMA , the golden fibonacci ratio of 61% and the trend line has supported the price on multiple occasions previously and now again the prices have come near the support zone . So if history is any guide, then we can expect an upmove from this level for the targets of 0.7145 which is...
JPYINR pair is on the verge of the Symmetrical Triangle break out. Break above the resistance line can take the pair towards 72.5-73. Respect of the resistance can make the pair move downwards.