buy moment buy future next 15 days FX_IDC:USDINR .................................................................................................................................................................
INRUSD trade ideas
USDINRmay be collected till 73. buy fut of feb & hold for 1-2 months. position size must be taken with care because of high leverage. target 76+.
head & shoulder patter possibleThere is a possibility of head & Shoulder pattern.
Head & neck pattern former, now shoulder remaining.
Keep watch
This is just for educational purpose.
At daily important support.USDINR at imp support on daily chart..look at the trend line...big chances of reversal..wait for confirmation...good opportunity for long trade.
This is for pure educational purpose..any loss or gain not responsible that.
USD/INR ( short position)USD/INR ( short position)
it is my own analysis , let tell your opinion in comment
.
buybuy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy, buy,
USDINR ViewUS Dollar :
At a crucial resistance zone, closing above 76.6 is crucial for further upmove, else can fall back
USDINR - Cup & Holder PatternCup & Holder pattern - expected to reach 77 in 2-3 weeks. Trade accordingly with your own risk.
USDINR facing final resistance before new highFX_IDC:USDINR chart for the post corona fall phase shows that the present level is at;
A) 78.6% Fibonacci extension level from the Feb 2021 bottom
B) Resistance line of upward channel formed since May 2021
The intersection level at 75.96-75.98 is playing as the last resistance point before its move to lifetime high of 77.
USDINR
You view please!
The selling from FII is nonstop. May be they have a conviction of rupee depreciation against USD...the rounding bottom formation on USDINR chart is worrying..
Watch out U turn at Resistance levelsUSD/INR is facing resistance at current levels and may take a U turn for tgt of 40-50 paisa.
This is my own analysis and for educational purpose only.
shorting opportunity of USDINRUSDINR is mittigating 2 very strong orderblocks and more over forming RSI DIVERGENCE , so we can look for shorting opportunitues
usdinr bull moveusdinr
as per chart
usd getting power
while inr loosing the same
the pair given a breakout
thus shorting inr and buying usd as per above will work
usd may move beyong 75.5 zone as well
while support at 73 areas
USD/INR viewISD/INR is important in many ways to understand Nifty movement. (Nifty has negative co-relation with USD/INR)
Current consolidation is showing 72.3 as good support.
While Lower High formation is still intact so weakness is still existing. First Higher Low at 74.9 can indicate fading of weakness but let us wait to see if it is taken out or not. 200MA is horizontal means we are in sideward phase.
Above Blue trendline will indicate strength else it will continue to be sideways. (currently it is 74.75)
USDINR completed harmonic pattern (Educational Purpose)USDINR has completed harmonic pattern with MACD and RSI support, see it's useful for education.
USD INR BreakoutAs the currency pair has broken out there is a possibility of a rally.
We can enter at the point of retest with a SL below trendline and a target neat swing high for a RR of 2:1.
The price may rally or retest the trendline before rallying further.
#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.
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
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.
