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...
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...
Comparison of USD to INR JPY EURO and CNY. showing steady loss of value of Indian rupee.
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...
Hello, USDINR major down fall possible on Monday market open, due to global market & gold prices increase. major support @83.0925 & upside @ 83.4025.
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...
Usdinr charts are tailing something bigger than expected Now it's natural
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...
Seems like the USDINR is on the verge of a Big Breakout... Sustains above 83.55 and we can see 84.5/86.5 levels soon
Reason for short a) failure of triangle breakout b) QQE short support c) super trend support for short d) weekly breakdown e) channel support for short f) Good risk reward zone h) SL compulsory
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...