INRUSD trade ideas
RUPEE KE CHAL CHALANAs of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
USDINR- Back to Pavilion - 72.50-73.002nd Target missed by few pips as per last update. High was @ 74.91 & back to 72.50-73.00 zone
USDINR is resting in the most important zone 72.50-73.00 - which is above triangular correction of early 2020 when stocks was about to crack due to fears of covid19.
This zone of 72.50-73.00 is very important- if acts as support & dollar rupee starts moving above 73 mark then it can move to 74.90 / 76.35 +
Note- View not valid below 72.40
Let the markets make first move.
Indian ₹ will strengthen by end of this financial year.Current market price @ 72.81
Down side target @ 68.81
Let's see what happen
Buy USDINR. Next Target 73.50All the retails have been shaken out. The accumulation has been done . Now its time to markup the price. These are probable entry, exit and stoploss area.
Dollar looks Bullish in Upcoming timeA Small Divergence can be seen in Dollar , So it Might be Bullish for Upcoming time.....
USDINR standing at good supportIf it breaks support then it can be short opportunity. Also confirm with nifty movement.
USDINR Go Long in the Channel USDINR - is travelling in a channel
buy every dip and sell every rally
USDINR 6th Jan 2021 for next two days viewUSDINR has made a Inv HnS pattern and broken above it, now making a bullish pole & flag continuation.
If flag Breaks up, rally may continue in the channel pattern making more flag n pole continuation patterns.
inv HnS has broken the previous downtrend channel.
USDINR Inv HnS 4th Jan 2021 trading ideaUSDINR showing a flag with Inverted Head and Shoulder
If Breaks Up or Down, may give us good returns in intraday
LongUSDINR is on potential supply zone and also one green candle is formed that confirm the reversal being bullish for coming days could be beneficial.
USDINR Good long candidate.USDINR CMP 73.17
Long term trend line support around 73.10 levels, Previous 2 bottoms around 73 and 72.80 levels.
Previous resistance of several peaks would act as strong support in range 72.2 to 72.3.
Elliot wave count suggest, impulse phase wave 5 may complete range of 72.2 to 73.00.
Good levels to go long in this range..
View gets violated below 72 on closing basis..
FOREX INRUSD BUY hello frnds this is my first technical analysis i am currently in 11th and iam interested in stock market plzz make mr correct if i am wrong thankyou......
USDINR VERY GOOD CHANCE OF BREAKOUTUSDINR LOOKING VERY HOT AND GET MORE THAN 2 % RETURN IN A MONTH SL ONLY 30 PIPS FROM CURRENT LEVEL
THANKS
© of DepreciationINR should first appreciate towards 72-71.60 then it should reverse from there for 78-80 levels. Weekly close below 70 will be bearish for USD.
USD INRUSD 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.
