USDINR - Yearly Chart Since 1973. Looks like we are in Wave 5. No projections. Will observe further and post. by WaveAnalytics_IN0
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 Longby UnknownUnicorn50797851
The USDINR is trending up, a small divergence was created on RSIIn our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to close itself above it then we may further see advance in it. The upside targets for the pair are placed at 74.70, 75.50 & 77.50 if the 73.55 levels is safe. Below 73.55 the correction may extend to 72.60, 71.30 & 70.75 levels. by BharatJhunjhunwala1
Currency at its peak. Symptom to fallAs our global market is falling. FII selling their stakes , which leads to increase the demand of dollars and therefore dollar is rising and currently at its peak. Movement of currency and equity index is inverse of each other. Rise in dollar value indicates fall in equity index and vice-versa .by praveenprakir0
Flag breakout in USDINRLook to add USDINR spot upto 71.90 for a move towards 73.40 and 75 Coronavirus and Slow growth can hurt flows in India which is a current account deficit countryLongby rohitkaranUpdated 1
While all are busy with Nifty and stocks we must not ignore thatWhile all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again. Longby BharatJhunjhunwala0
USDINR #AscendingTriangleResistance at 72.20 - Stop 72.40 Supports 71.15- 71.20 Breach of Supports will open for 69.80 - 68.20Shortby BharatJaiin2
6 weeks and it's still within the Contracting Triangle Target of 73+. Stop being Low of C. by WaveAnalytics_IN0
USDINR Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 10 to 12 times.Shortby MohitArora5
#USDINR - A retracement back to 73.20-73.90 zone Presumably in its Wave C, can head up to 73.20-73.90 zone. Doubts on New High. Invalidation below Contracting Triangle's Wave C Low. Red Trendline can be used for Trailing. Longby WaveAnalytics_IN228
USD/INR - Buy Strategy ( Range Forwards )This is Buy Strategy in USD/INR using Range Forwards - Keep Buy Call OTMF and Sell Put ITMF. Treasury Consulting Group (TCG) expects INR at 76 by Dec 2020Longby rahulmagan83
USDINR Channel upswingRelatively simple trade. Nothing complicated about it. I also wanted to draw attention to this asset class which is still not getting much attention. One can trade CDS futures and options on NSE for very low margin. e.g. Intraday margin of 700 INR for 1K lot. And about 1400 INR to carry positions overnight. This is not bad. 1 lot will result in INR 1000 pnl for 1 Rupee movement. Much better to trade legally than through illegal (in India) forex spot markets. For this trade, target would be around 72.0000 Longby Kaustubh3