USD INRUSD INR spot at 63.72, almost middle of no trade zone 63.60-63.84, i’m expecting as break 63.82 will test fibo level 38.20 at 64.10, and move for next target 64.40,
INRUSD trade ideas
USDINR- May be ready to depreciate to 65/65.5 levelsUSDINR moved by nearly 0.75% today and cleared short term resistance near 63.75/80 levels. Downtrend may have been reversed for the short term.
USD INR INFI FOREX CURRENCY DRIVEUSD INR Spot @ 63.42, after testing 63.37 on Friday session, after completing series of lower high, I’m expecting now it would make double bottom and as break 63.60-63.80, it would be confirm and test 64.30, ( it’s a best level to hedge for exporters) and the level 63.30-50 (is also good level to hedge for importers) after testing the market 64.30 it would little ranging 63.80 to 64.30. in coming Days
Post budget - Indian rupee going to depreciate heavilyUS dollar Indian rupee Daily elliott wave analysis
It is better to keep in Us dollars rather than in Indian rupee
Expecting a sharp depreciation in Indian rupee post the budget
USDINR - Dollar Superman- Up -Up & Away@66 from 63.50Last update - USDINR & Nifty Barometer Part 2- Looking for U- Turn
Last Price@65.61
Awesome U- turn from 63.50-63.75 Zone for the highs of 66. Zone of 65.95-66.05 is very important & can give resistance to the dollar bulls & we can look for a short term stronger rupee from the zone of 65.95-66.05 to 65.20-64.80 Zone where dollar could get support.
USDINR - Bottom fishing?USDINR looks like a bottom fishing candidate.
Current rally has initiated after retesting the 50% Fibonacci retracement level.
USDINR- Shifting into bullish mode?USD looks to break higher against the INR on the back of a hawish FED. Targets are 65.25/65.75 tf 1 month. SL 64.10. MACD turning into buy mode.
USD INR View-- Infi forexUSD INR Spot at 65.05, after 4 months, i'm expecting if market holds 64.90, would break 65.20, 65.60 then 66.10. on the other hand support is at 64.70, then 64.30.. most probably it's expected on higher side exporter should hedge at least 50% of their exposer, at 65.20 Spot for next 2 months. and importers hedge at 64.90.. if break it then at 64.70..64.30....in the coming Weeks. It's not expecting to down more then 64.30.
USDINR #Pennant#ContinuationpatternUSDINR: Pennant breakdown
Continuation pattern
Target 62.85
Reversal above 64.30
Trade short stop 64.10
usd : inr resume downtrend below 63.38usd will resume downtrend below 63.38 upto 60.35 this will be negated above 65.00
USDINR & Nifty-Barometer-Part 2-63.55 & 10138-Looking for U TurnWell we don't have any confirmation yet but it looks USDINR has traced 5 wave impulsive sequence from double top@69.05 to 63.56 & Nifty touched 10138.
Beauty is that now people talk about geo political tension between North Korea & U.S. - will that be the reason for market melt down or waves were indicating same.
I have no idea & so cannot predict where markets are moving next.
Barometer -Part 1 ( It was triangle so did not achieve all targets & we were happy with partial targets)
Nifty - Can B Wave end@10138
Rupee analysis based on wave patternShort term we could see a move to 65.20 levels ,
but monthly charts suggest a price move to sub 59 levels
USD INR 5-JULY-2017USD INR spot near about 64.70 it's a strong support as well as 3rd higher low, it's highly expected that market will go up 64-82-64-90-65.10, on the other hand if market break 64.70, expected to test 64.55 again, wait for the price action
USD INR 4-JULY-2017USD INR 64.79, resistance 64.84-86 , support 64.72, if break 64.72 expected to go lower up to 64.62-55, if break 64.84-86 expected to go higher 64.92-65.10, no trading zone between 64.72-64.84
USD INR 3rd julyUSD INR open at 64.74, spot 64.67, support 64.55, as it breaks 64.62-64, expected to test 65.55,
on the other hand if break 64.72-74(opening rate), expected to test 64.80-84
USDINR: can we see SAUCER in near Term ?USDINR: Can we see SAUCER in near Term ?
Bearish GAP @ 66.53 - @ 66.24
Technically Good for LONG.
more update LATER.
USD INR 23-JUNE-2017USD INR open at 64.59, spot 64.54 market no trading zone between 64.55-64-62, if market break 64.55 ( not the false break) then 64.44, ,makes a double top and will test 64.24-20 and if market break on higher side 64.62-64 expected to higher up to 64.72 then 64.82 and above
USD INR 22-JUNE-2017USD INR Open at 64.55, spot 64.52, expected to test 64.42-44 then 64.32-34, resistance for the day 64.55 then 64.62, higher expectation to go lower
USD INR 21-JUNE-2017USD INR open at 64.63, spot 64.60-59, support for the day 64.55, as market break 64.64-66, it will test 64.72-80, then 65.10, higher expectation to go higher
USD INR 20-JUNE-2017USD INR open at 64.50, spot 64.50-51, if market break 64.54 Resistance then test 64.62, then 64.80, if not break 64.54-55 test 64.44-42 then 64.34-30
USD INRUSD INR open at 64.64 spot 64.68, after making potentially double bottom, it's completed it's objective near resistance 64.72 break this then 64.80-82 support for the day 64.62 the 64.55
