Simple price action ( USD/INR )The chart is self explanatory. It is taking support from the bottom , making a wedge pattern .
This is not an trading idea . Just for education
Happy trading
USDINR trade ideas
USDINR could pause it's upward rally !!!!USDINR has reached it's upper range where it has faced
resistance several times as visible on charts.
Avoid fresh longs here and an aggressive could also take a short
position here with very small stop loss.
RSI is also facing resistance near 72 which is again negative sign.
Although, USDINR could make some fall but, that is always good
for the market and because of which we could see some upward rally in markets.
USDINR - HEAD AND SHOULDERS PATTERN!! -- bearishFX_IDC:USDINR
Head and shoulder pattern at 4 hours; volume decreasing; we can see a big fall till Monday
what do you think? comment
USDINR-evening star pattern at 4 hourFX_IDC:USDINR
chart showing evening star forming at 4 hours. INR might appreciate tomorrow.
Breakout In USDINR Breakout In USDINR -
Rising dollar value against Indian rupee is leading to further decline in Nifty 50 Index.
If you think deeply about this, you can see it’s an Indication of FII squaring off or liquidating their holdings from Indian markets.
When FII want to invest in Indian markets; they’ve to convert USD to INR, which would cause the Dollar value to decline against Indian rupee.
Vice versa, when they want to liquidate(SELL) their investments; they’ve to convert INR back to USD, which would cause the Dollar value to shoot up. In the present situation, we are witnessing a similar scenario.
It’s very wise to conclude that FII are driving the Price Action in Nifty 50 or at least majority of the sharp market moves we have seen so far(8000 - 18500), happened because of that.
So in coming days, to get a better insight of Market sentiment in #Nifty50, Traders/Invester should keep an eye on the Price Behaviour of USDINR. Doing so will give an informed perspective to trade the markets.
USDINR77 coming s0on very comfortably....
Trading levels Plotted....
Happy Trading....
Like... Share... Follow...
It's time to shortIt's time to short usdinr for target 74.75 for upcoming sessions. All thing going good ,
USDINR TGT 79.76! coming soon!The chart is going to form a cup and a handle pattern and is for a longer time.
It could be possible that we can see a spike in usdinr sooner than later!
Upcoming graph of USDINRThe chart is going to form a cup and a handle pattern and is for a longer time~2 yrs .
It could be possible that we can see a spike in usdinr
usdinr upcomig target for upcoming week usdinrusdinr upcomig target for next week usdinrwait panni pakalam enna akuthu nu wait and see
USD INR (WEEKLY)Buy on blue support , sell at red resistance.
India is sitting on big forex reserve, so big rupee depreciation is not possible.
Keep on swinging.
Rate will not appreciate beyond 73 Rs /$ in medium term due to weak economic conditions, high WPI , dovish policy, tapering, liquidity requirement, Continuous rupee infusion for growth needs, persistent Current Account Deficit, high crude prices. Also IT sector needs depreciation for more profit margins.
#usdinr Bullish - target 80#usdinr is on a rounding bottom. in future, it will be bullish and move towards 79 to 81.
In long period We can take a bullish position .....
Buy April & may future. Sell 77 - 78 CE and Sell 76 PE for monthly position.
In short period, it has resistance at 76.6, if it crosses 76.6 upside can be 77.3
if it reverses from 76.6, it can touch 76.0
USDINR TOWARDS STRONG RESISTANCE ZONEUSDINR going to face so strong resistance in upcoming days. Test this level more than 5 times. But it was unsuccessful. All time high for 2020 to 2022 was 77.00. This also strong resistance becoz initative sellers entered due to price is above its fair value. As fer this 76 to 77 range was not fair price and not accepted by sellers past 2 years. This USDINR longs will effect our market as far news rbi had already dive into action to control this steady USDINR depreciation.
ALL THE INFO ARE BASED ON VIEW. 🚫NOT RECOMMENDED. JUST ANALYSE AND LEARN. HAPPY WEEKEND🎈🎇✨.
Short USDINRShorting USDINR
Reason:-
1) Near long term resistance double top pattern in daily
2)ROC breached downside
3) RSI and Price in bearish divergence formation early in daily chart , 4hr already done
Keep SL 77.15 or trade in option hedging sell 77 Call and buy 78 Call
USDINR AND CRUDE OIL Crude import accounts for nearly 20% of India's import bill. day by day if crude prices goes up, we will see major impact on INR, inflation and profitability of many companies. so if you are currency trader trade carefully.
Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs.
1. The Cup and Handle Formation.
Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee
should get bit stronger.
2. All time high Resistance
We have seen previously, sell of from these high levels in past.
3. ABCD harmonic
According to these Rupee can test Neck of Harmonic, that can be around Rs75.5
4. Fibonacci Retracement
If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days.
Trade on your own risk and analysis.
USDINR LongChart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
USDINR rising in silence !!!!3 weeks earlier also I had published an idea saying that USDINR could soon see levels of
76, and my target achieved.
Now, it looks like its ready for 76.5 by giving breakout of double bottom
pattern with rising RSI and positive MACD crossover .
USDINR - Head and Shoulder pattern on Daily Chart is forming.Perfect copybook Head and Shoulder pattern on Daily Chart of USDINR
-
keep eye on 73.77 level.
USD INR Long TradeUSDINR in an uptrend as visible in the weekly time frame.
RSI is also in an uptrend and 50 DMA is supporting the candles.
A long position can be created, for the target of 75.6500.
Buy USDINR Apr Fut and stay in the position till the trendline (black line) sustain.
