U.S. Dollar / Indian Rupee USDINR

Darn!! Consolidation bull flag has broken to up. After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.

Short USDINR

USDINR it is a complete reversal. if it breaks 70.50 then 71.50 easily possible I think.

Let's Discus. I have been tracking USDINR since august. I am smol and I'm not a professional. I trade all F&O, Equity, Commodity and Currency. I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals. Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to ...

Short USDINR

I am looking the Next move as per this forecast

Elliott says 1. Wave 5 in commodities is extended because of fear . Since INR dependents on crude so wave 5 is extended . 2, Truncated wave 5 , Ending diagonal , extended wave 5 result in a sharp correction . If wave 5 is extended it will correct to wave 2 of the same degree. 3. In commodities post triangle thrust is an extended wave 5 . In this case triangle ...

If you guess what pattern it is , you are on right track ! the debate could be who sees what , but perhaps conclusion should be the same.. 75.85 - 76 is coming , probably in q or 2 !!

Nice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering

buy for a target of 70.75-70.80

USDINR Day chart clean picture

USDINR four hour chart looks bearish.

USD INR looks to go down till 69.115.

Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-

Change in direction 1) RSI divergence 2) Double bottom 3) 200 ema 4) 61% Fibonacci entrancement 5) Wit us economy at crucial junction dollar should become strong Target 72

USDINR should move higher from here

Down the road....

We can see some down trend in USD/INR