Pole and flag pattern in usdinr 15 min chart If the upper trendline of flag breaks , the pole length can be assumed as final target @75.90
INRUSD trade ideas
USD breakoutThis analysis is done for educational purpose only. As we can see USD has given breakout on weekly charts. USD and nifty are very well connected to each other and rise in USD can lead to profit booking in Nifty. This is a temporary phase in the market, therefore, next couple of weeks we can see profit booking in Nifty. One can long USD and short Nifty to hedge.
USDINR 21 SEP WEEK 1 ANALYSISThere is a good buying opportunity available as far as i can seen , can be good risk to reward trade
USD/INR: Monthly viewOn monthly basis, USDINR is in uptrend. Go long Keep SL of 72.5, once closes above 75.75...next target 78-79
Dollar weaknessUsually a massive downward movement results in a spring like rebound but when price breaks down a key level and two massive supports i.e. the 50EMA and 200EMA, the psychology overtakes the physics. Monday would be crucial in determining the next levels. It would be the right move not to take long positions unless it moves above the 200EMA. If the rsi peeks into oversold regions, then the rebound would be very strong. But given the global cues regarding current situation of Afghanistan, rebound is likely to be gradual. Future price predictions are
Date Weekday Rate Max Min
30.08 Monday 72.81 73.90 71.72
31.08 Tuesday 72.74 73.83 71.65
01.09 Wed 72.81 73.90 71.72
02.09 Thursday 72.82 73.91 71.73
03.09 Friday 72.60 73.69 71.51
Avoid whipsaw using Bollinger Band breakouts.When price is in between Bollinger Bands, its a whipsaw zone. Enter when price breaks out the extremes of the bands.
USDINR Important Support and ResistanceUSDINR Important Support and Resistance Be very cautious when price is around these levels.A breakout can be trailed for maximum profits.
USDINR...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....
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USD/INR Upcoming SessionIn USD/INR is weakness created against Indian market is going high, after a fall it consolidate in a specific range, after consolidation it should be gone a big fall.
Currency upcoming sessionPut after fall 74.0440
Just wait , and always bur in carry forward position.
#USDINR slipping within channel#USDINR first week after previous months gravestone doji seems working and it lost grip of previous resistance
and now is heading down to channel median with 3 bearish candles. Momentum is resisting on rsi second time
each time attempt to break hit channel top.
USDINR Go long at aroung 72.4USDINR strong support aroung 72.35-72.40. Go long in this range. Target 74 - 74.50
Usdinr is a bet for a short up move spring actionFX_IDC:USDINR OANDA:USDINR MOEX:USDINR
Disclaimer… not an investing/ trading recommendation..
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 monthly gravestone Doji on flag pattern channel top#USDINR gravestone doji candle pattern on monthly channel top of a potential bullish flag pattern could mean some period of down move at least.
DOWN SLIDE IS POSSIBLE The USD INR has started Sliding towards Down side, after the Breakout of the Important Support Level ... Soon We will see this pair Hitting @ 74.20 Price Range ...
USDINR FALL On the Basis of Technicals , Current fall in the USDINR should be continue and HIT the Target Price of 74.20 Range
USDINR approaching channel top#USDINR that bearish wick is RBI doing its job fundamentally and channel top resistance chartwise
