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...
The currency pair spent another week in the familiar narrow range of 82.97-83.31. 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. That is a risk. The sharp moves happen when no one expects. Expect the range of 82.90-83.30 would continue to hold for...
Showing how Pakistani rupee crashed due to flooding and economic crash.
Srilankan Ruppe have crashed in the last year (chinese debt crisis).
Indian and Nepali rupee have been crashing steadily at 6-7%
The currency pair spent another week in the familiar narrow range of 83.03-83.29. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. That is a risk. The sharp moves happen when no one expects. A stray chance of a quick move towards 82.65 cannot be ruled out. Expect the range of 82.90-83.30 would continue to...
Already USDINR broken Ascending triangle on Aug, but it struck.. Another Ascending Triangle is forming in short term. Its continuation pattern and expecting to trade above 84 soon
Past week witnessed repeat of the same narrow range by taking 83.20 as pivot moved 0.10 on either side. As the base gradually shifting higher above 83, the market is no mood to believe decline towards even 82.75. Expect the range of 82.90-83.30 would continue to hold for the week with a crucial support at 82.90 and there could be choppy moves within this range. A...
USDINR 1 HRS Time Frame
Validation level 83.42
Zigzag Formation on going (Zigzag Structure A5-B3-C5) before next impulse move
Wave ((A)) of Minute degree internal five waves or subdivision (i),(ii),(iii),(iv),(v).
Wave ((B)) of Minute Degree expended triangle because internal structure is (3-3-3-3-3) nature, of Wave ((B))
I anticipate wave ((C)), tagging of...
Past week witnessed repeat of the same narrow range by taking 83.15 as pivot moved 0.14 on either side. One more attempt of 83.30 and reversal is fairly a good sign for a small correction towards 82.75. Market is no mood to believe decline towards even 82.50. At best we can presume that the range is gradually shifted higher between 82.90 and 83.30. Expect the...
Past week saw a narrow range by taking 83.10 as pivot moved 0.17 on either side. One more attempt of 83.27 and reversal is fairly a good sign for a small correction towards 82.75. Market is no mood to believe decline towards even 82.50. At best we can presume that the range is gradually shifted higher between 82.70 and 83.30. Expect the range of 82.70-83.30 would...
Past week saw a narrow range by taking 83.05 as pivot moved 0.27 on either side. One more attempt of 83.30 and reversal is fairly a good sign for a small correction towards 82.50.and the 82.20. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of...
The Indian Rupee (INR) has depreciated by 1 RS against the US dollar in the past month and is approaching its historical peak, a potential reversal opportunity. Consider taking a short position, using a tight stop loss set at the all-time high of 83.6 . This decision is bolstered by the presence of a bearish divergence, lending further support to this strategy.
The weekly chart of the USD INR is the ascending trangle pattern formation: In the techanical view the probability of the brackout is high as compare to the brackdown.
Currently the crude price hike, this is negative effect the USDINR
Next year is the election, previous chart patter show election year Rupee is fall
Foreign investor sold the indian market
Past week saw a narrow range by taking 83 as pivot moved 0.18 on either side. It is evident from the market action that the declines are used as opportunity to hedge the Imports. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of 82.50-83.30 would...
I have just tried to count waves here in USDINR pair for period of around last one year
(almost).
Well it doesnt look atall that dollar is weakning in near future.
In fact it may remain strong for next couple of year (approx).
Huge huge consolidation almost at same place for last 1 year and now
its almost completed.
Should start heading north very soon and...
