The currency pair finally shows signs of moving out of the 83.00-83.35 range after almost 3 quarters. In the past we have seen that when every time the pair comes closer to 83 there is a good amount of buying interest. With weekly closing below 83, we may see sellers emerging. A few observations Ultra-low Vols may be a huge risk and there could be sharp...
For a swing on upside buy USDINR if gives closing above 83.43. Target could be life time high. 84 to 89.
The currency pair is witnessing surprise action as it moved from the high of 83.09 to 83.35. The market is refusing to believe this move as it has wedded to the logic that the currency pair will not be allowed to trade below 83.00 levels. They had seen that the currency stable irrespective any big move in DXY, Yields or Stock market. As observed in the previous...
Hello, USDINR upside level are given in chart, still usdinr in buy side as per our AI tool give buy signal below sl. this tool give live chart buy /sell signal any time frame.
A consolidation zone, also known as a trading range, occurs when a stock's price moves within a relatively narrow range, exhibiting neither a clear uptrend nor downtrend. Traders and investors often refer to this period as a "sideways market" or "range-bound market." Identifying stocks in a consolidation zone can be useful for traders who employ range-bound...
The currency pair is witnessing surprise action as it moved from the high of 84.41 to 82.93. The market is refusing to believe this move as it has wedded to the logic that the currency pair will not be allowed to trade below 83.00 levels. They had seen that the currency stable irrespective any big move in DXY, Yields or Stock market. As observed in the previous...
The currency pair continues its narrow range with a marginal shift on the higher side, Viz. 83.24-83.41. As observed in the previous blogs, at best we can see marginal shifting of the range by 0.10 on either side. The currency pair does not seem to be impacted by moves in DXY, Yields or Stock market/ It appears like mimicking CNY action/control. As observed in the...
As observed in the previous blog: At best we can see marginal shifting of the range by 0.10 on either side. The currency pair continues its narrow range with a marginal shift on the higher side, Viz. 83.24-83.41. It appears like mimicking CNY action/control. A few observations The rates remaining in a small range is not anything new for the currency pair as...
#USDINR over all trend is Up, but its now on supply zone, so one can short for target 81.75 Or Buy when reaches 81.75 for long term
After past week’s technical glitches which temporarily saw the currency pair breach the Golden rectangle, we are back again to the glued range of 83.10-83.30. At best we can see marginal shifting of the range by 0.10 on either side. A few observations As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even...
Hello, USDINR 24 nov.23 level are mark, 83.2788 is major resistance of market & below support of market.
To compensate the technical outage of trading systems which happened in the previous week which saw the pair temporarily breaching the crucial 83.32, the pair did the opposite by declining sharply towards 82.92 for the first time after last week of Sep 23. However, the euphoria was short lived and the pair is back in its original territory of 83.10-83.30. A few...
The currency pair had an exception from the range of 83.10-83.31, due to technical outage of trading systems. Looking beyond this unusual trigger, there are a few interesting observations… The market has come to a logical conclusion that the central bank would protect 83.30 and easier way is to short and wait for lower band. This eventually failed General...
USDINR is currently forming a symmetrical pattern, which is a consolidation pattern that can precede a breakout in either direction. Swing traders should wait for a clear breakout before taking a position. Trade with Symmetrical Patterns: A Simplified Guide Symmetrical triangles signal potential trend pauses or consolidations. Breakouts from these patterns...
The currency pair spent another week in the familiar narrow range of 83.10-83.31. As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even 82.75 and that the Central Bank would hold 83.30 for long. The risky and sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for the...
after a long Dip USDINR consolidating in forming rising wedges …..🚀 RSI is also below on its SMA..........
USDINR IS CONSOLIDATE AND HAS A 2 ATTEMPT OF FALSE BREAKOUT IN UPSIDE & 1 FALSE BREAKEOUT IN DOWNSIDE. 1-If 4hr time frame candle close above-83.220 than we go long 2 If 4hr time frame candle close below-82.650 than we go short LET SE .
USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium. 83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107. Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that...