USD INR Market closed on Wednesday 18/oct/2017, at 65.06, in the previous expectation I was expecting if market not break 64.85-90( 50% fibo level), confirm bullish flag and went up to 66.40, but recently market broke level 64.84, and go up to 64.70, now i'm expecting market would be ranging for couple of days from 64.60-70 to 65.30-40, and if market break ...
Last update - USDINR & Nifty Barometer Part 2- Looking for U- Turn
https://in.tradingview.com/chart/USDINR/f99ZMFlM-USDINR-Nifty-Barometer-Part-2-63-55-10138-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 ...
As per Hourly chart, Rupee is towards 5th wave. So firstly it may touch 64.80, which can be good level to buy and if it dosent break then we can expect it to go near 66.20 and above..
USD INR Spot 65.45, expected to go longer, but it's not right time to buy if market not break 65.27, and then 65.04, and stay long up to 65.74, expected to test 66.60 in coming Days, 65.04 is strong support and 50% Fibo Level, also potentially forming bullish flag.
Call Buy @ 65.74, And 65.02
call Sell @ 65.45 to 65.27 for 12 Paisa
USD 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 ...
USD:INR is in a downtrend so on every rise 2%-3% sell on rise strategy wil work very good with a good stop loss. In my view it is going down between 58.50-58.00
Well 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 ...
As We can clearly see that 62.1 Levels are acting as Resistance Levels while by breaking that 59.5 would be the target . In Upper Side , 66.95 will act as Support Levels for Rupee . Keep Both Levels on Your Radar .
