USDINR trade ideas
USD/INR For Casting in Hourly Candles using Fib RetracementsUSD/INR For Casting in Hourly Candles using Fib Retracements
Fibonacci retracement and Parallel channel breakPrice has completed 100% Fibonacci retracement. Price more likely to move up after consolidation in parallel channel. Take buy position once breakout or bottom price of channel with stop loss for long term.
USDINR retested the trendline Daily descending triangle retested, ripe for swing trade till green resistance.
view negates below trendline.
USD/INR VeiwThe chart now is in a Down Trend but for me a reversal in nearby time can be seen which could lead to the formation of a Cup and handle formation upon the chart .
Breakout in USD INR possible Above resistance area of 75.61 and 76.54 a good Breakout is possible on Monthly Chart. Can expect target of 85 to 90 max.
Disc. : View Shared for Education Purpose only. Consult you Financial Advisor before taking any position.
USDINR CONFIRMS DOUBLE TOPUSDINR CONFIRMS DOUUBLE TOP PATTERN...SHORT IT FOR TARGET 73.50 AND 72.25....EXPECTED TI TEST LEVELS 70 TILL JULY
USD INR - BullishGreat up side possible till 77
Limited down side till 73.5, if breaks 74.5
S/L 73.5
Will USD - INR Regain 77 levels again??Will USD - INR Regain 77 levels again?
Time Fibonacci , Fibonacci Levels Used
USD INR weeklyTill 72 support is not broken it is in uptrend, has good potential for a good up rally touchin 80-85 levels
Interesting setup on USDINR chartsInteresting setup on USDINR charts as the sharp rally seen over the last few days has triggered widespread panic and chaos. Now, the pair has reached important cluster resistance on Daily charts and will attempt to surpass it. Its a very important resistance zone as its created with reference to its all time high of 77.02. A closing above 75.80 will definitely not be a good news. Big Boss RBI will definitely be watching these levels, so we should also track this alongwith the other setups.
