USDINR : Is it start of another down leg?USDINR is consolidating in downward moving channel which is clearly seen on chart. Death cross (50 DEMA below 200 DEMA) point was crossed by pair but didn't sustain above it. Market will look for pair to close below 69.10 for start of downward move towards bottom of channel. Trader should hold short till the time pair is trading in channel or death cross doesn't turn into golden cross. +DI is trading at 25 and -DI is at 29 which means bears are trying to grip over the market. As far 70.60-70.80 is not crossed sentiment for pair will be bearish. Above 70.80, pair will look for 73-75 range. We'll wait for pair to break range of 69.10 -70.60.by UnknownUnicorn42605593
USDINR Downtrend starts? Shorting at 69.54 With a sl:70.17 Tg: 69.30 & 69Shortby UnknownUnicorn35030852
USDINR UpdateHey Guys, USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts 1. reaction in the upcoming months from the similarity of historical candles 2. From the combination of support resistance and Weekly charts RSI, It looks weak on the weekly chart so most probably can break the lower support level. This is just my point of view, not financial advice. Feel free to share your views. Thank YouShortby aman121
USD INRUSD INR trading opportunity please check chart for more details Disclaimer: We wants to inform you that this post/video is solely for educational purpose. We are not advising any trading or investment ideas. We will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals/discussions contained within this post. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.by devavratKUpdated 3
Its very Important to Understand Micros What I can understand from the chart and fundamental, the currency is very strong above $69. I don't trade in currency but I never ignore micros. Due to Election currency rate is stable but after the election, I think currency may give closing above $70 and it will go up to a minimum $70.35-$70.65. Also, I want to connect this scenario with IT sector. I observe that in every dip smart money are buying IT stocks. Now I am closely watching Pharma Stocks because pharma stocks are also beneficiary. Thank x :) Educationby swapnilchoksiUpdated 0
Be Cautious Short USDINROne can short USDINR with the target of 68.50 or near by levels. With an SL of 70.05 If it breaks the SL, then the trend is us bullish in USDINR with the upper targets of 70.20 & 70.60 levels. Currently it is at the point from where if it breached then expect either a new high or new low. Though the probability of new lows are high. So, be cautious. Shortby UnknownUnicorn35030850
USDIN Bulls are ready to take overUSDINR is riding slowing on a bull trend with an strong support at ₹69.13, 69.001 and 68.47 Whenever it touches any of the support don't panic and wait for it to give a closing price of the day. If it below then it is still in bear trend. Otherwise, taking the (SL) of ₹69.06 with the target of 69.70 and 70.20 in coming days. Longby UnknownUnicorn3503085Updated 441
Updates for USDINRHi Guys, Rupee looks strong on the weekly chart, but it seems like it might consolidate in 68.5-70 Range for 1-2 months then it might go for the big move. It will depend on the price action in the areas I have plotted. Most probably it might go down(Because RSI Seems week for USD) because of the structure but still can't say exactly. This is not financial advice, just my thoughts. Thanks.by aman12114
Next buy set up I am looking this can drop one more drop before start moving out form current structure This will also indicate that C wave of last leg sub wave 5th will complete , One can look for one drop before going for any Long position , as current move on daily is not strong likely to drop one more I am forecasting it as B wave will be 50 % pull back of entire move it has come down so far , The larger trend is still down ward move up to 65 Good luck by ShreeKrishnaUpdated 2
USD INR Daily Analysis Can buy CMP 68.6050 SL 67 Target - USD INR Daily Analysis Can buy CMP 68.6050 SL 67 Target - 69-69.55-69.9-70.2-71.4+ Can try Fut or buy 69 CE 22nd March Expiry CMP 0.0575 Buy @ 0.0300-0.4000 SL 0.100 Target 0.06-0.09-1.20Longby Bilal_KaziUpdated 1