More weakness to come in INR..USDINR heading towards 80!USD continue to get stronger against emerging market currencies, one can sell 76.5 PE for easy premium this week or buy 76.5 CE for month of May...
USDINR trade ideas
USDINR RISING WEDGE FORMATION (SHORT)USDINR is forming a rising wedge formation which indicates a further decline in prices at any point of time. Traders may wait to complete the formation and take a short position accordingly. This would also be an important reason to shoot up the Nifty index higher further. Hence, its better to be long on indices and short on this currency pair after breaching the wedge.
BUY opportunity in USD/INRBUY USD/INR FUT in last my analysis I said that INR have a support 77.26 its my firs target for partial profit booking if sustain above 77.30 than we can see 78/78.50 in currunt expiry..DOllar index fut trade @99.98 and it agin ready to run towards 102.
what will it take to stop this juggernaut?The price action has so far only been indicating straight bullish candles.
Will the red Trendline have any impact? .. is what we need to see.
USD/INR LONG TERM EFFECT 1) As per this analysis the INR can go upto Rs 78 /-
2) Channel Is Showing that INR can Breach the resistance of Rs 76 Level
3) All The EMA is Showing in Uptrend and 20 EMA is 73.69
4) 50 EMA is 71.73
5) The Most Important EMA is above 200 EMA which is clear inthe USD/INR which is at 68.37
6) The analysis is worked on Weekly Charts
7) If the Channel Line is broken Below then only we can expect that USD will fall else it is clear indication for going upwards
8) The clear indication at present is that USD is in line to break the Middle Line if it breaks Clearly the we can see move ahead till 78 /-
Dear Friends this is my first publication as Tutorial , i have tried to explain in short form the clear Trend analysis of USD/INR , if you have like the Tutorial Pls provide me likes and comments . also if you have any other solution or any other short outcomes do let me know in the comment section .
US/INR ChartWe need to observe how the Exchange rate will move with the current Indian Economy situation.
Clear Buy on USDInr Charts with good risk reward rationUSD Inr has given good breakout. All levels given in chart. I am a simple person who follows simple things without complication. This call is only for educational purpose.
Awaiting for your comments. Correct me if I am wrong.
USDINR - Yearly Chart Since 1973. Looks like we are in Wave 5. No projections. Will observe further and post.
Go long and long. 78 is next targetIt has gone up in quite a good fashion. Also don't think RBI will intervene in the earliest.
Resistance at 75.9
Resistance at 76.5
Resistance at 77.2
