USDINR trade ideas
USD INR USD INR in coming sessions if market do not break 64.30-32, and go higher towards 64.42-55, will form potantially inverted head and shoulder and go higher on the other hand if strongly break 64.32-30 ( not the false break) expected to test 64.10 then 63.80
USD INR USD INR open at 64.40, spot 64.43 currently market near 64.42 strong level if market strongly break 64.42, then may test 64.55 (Resistance), if market did not break 64.42 then may lower up to 64.30 (support)
USD INRUSD INR open at 64.39, spot 38, market is moving in tight range 64.32-40, as the overall market is in down side i'm expecting if market breaks 64.32 may go down up to 64.20
USD INR 7-June-2017USD INR open at 64.49, spot 64.47, support for the day 64.42 (it's also level of neck line of double bottom) resistance 64.54 then 64.72, as market breaks 64.54, expected to test 64.72
USD INR 6-JUNE-2017USD INR open at 64.35, spot 64.354, high 64.40, low 64.30, at 64.40 fibo level 61.8%, there is no trade zone between 64.32 to 64.40, i'm expecting if market did not break 64.32, then go lower and if market breaks 64.40-42 then go higher 64.53-55(50% fibo level
USD INR 5-JUNE-2017USD INR open at 64.34, a gap of almost 12-14 paisa now, spot is 64.32, currently market moving near support 64.32 if market broke 64.32, i'm expecting to down up to 64.24-20, and if market not break 64.32 then it's expected to fill the gap till on higher side 64.44-46
USD INR 2-June-2017USD INR open at 64.35, rupee open stronger a gap of 10 Paise( yesterday close at 64.46-45), spot 64.37 now expected to more down 1st 64.32, then 64.18 and 64.10, resistance for the day 64.42
USD INR View 1-June-2017USD INR Open at 64.48, spot 64.47, now market is no trade zone. as market breaks 64.42-40, go lower and if market breaks 64.52-54, go higher, overall expected to go down side
USD INR View 31-May-2017USD INR open at 64.56, spot 64.55, there is no trade zone between 64.54-58, if market breaks 64.54-52, expected to down up to 64.40-42, in next 2-3 hours, if market breaks 64.62-64, then go higher up to 64.72
USD INR 30-May-2017 ViewUSD INR Market open at 64.63, spot 64.65 if market broke 64.69-72, expected to test 64.84, 64.92, support for the day 64.54 and 64.46, overall expected to go higher
USD INR view 22-May-2017USD INR, market open at 64.52, spot 64.48, it's expected to test 64.42-44( support for the day) and most chances to go higher 64.70-72( resistance for the day), yesterday Mr. Trump speech in saudi arabia, his positive views about on terrorism, may give hike on usd positive
USD INR -About to Bottom outRisk Reward in favour of Bulls. Targets 65 to 65.5. Time frame 1 month. Technical picture improving due to positive MACD divergence.
USD INR 19-5-2017USD INR, market open lower @ 64.78, today market expected to go down 64.60-64.46, if it do not break 64.60-62, may be reverse back from there. support for the day 64.62 and 64.46, resistance for the day 64.93
usd inr 16-5-2017 viewUSD INR, over all market is in down side spot is 64.11, it is expected that if market breaks 64.04, then it would come down to 63.92-94, resistance for the day 64.27, from last 15 mins market going to push on higher side
USDINR - Indian Market Barometer Part 1-Bounce Till 65.80The fall from 69.05 was very impulsive post double top@68.80-69.05 Zone, which completed wave 3 at 261.8% of wave 1 distance. Looking for a retracement in wave 4- which travels 38.2% at 65.85 levels.
The zone of 65.80-65.95 is prior support zone which can be retested & can form resistance for USDINR.
Looking at the structure, Nifty is in hold of Bulls- who are not ready to leave. So, post retracement to 65.80-65.95 -if happens & dollar rupee starts falling as cited above, then Nifty could resume its upmove post current consolidation or small correction for new highs next.
Trading Strategy
Looking for the push in the zone 65.80-65.95 & getting resistance from earlier support zone is the minimum move which it should travel next. We will take USDINR move in parts - first till 64.95-65.00 Zone & Later above 65 for 65.40-65.50 -Above 65.50 for 65.80-65.95
sell USDINRsell around 64.6000 sl 65.0000 target 63.5000
time frame 10 trading days and book at comfort level
usdinr - be ready to buyfor educational purpose only - buy after a very big red candle near 63.25-63.50 with sl 63.15
USDINR Long Term ViewUSD is being weak from last 4 months... We can see break out also
If we measure its fibonacci retracement level from Jan 2008 to Nov 2016, We can see USDINR 54 as 50% retracement in up coming years. (is it happening just because of Gov. activity?)
Its telling us that Indian Bull will run in crazy mode, Indian economy will be strong.
Lets start investment in stock market from beginning. in up coming years Indian market may give us good return.
I will update in comment every 1 year.
Hint a like if you agree!
USDINR - due for a corrective rebound !There is a clear positive divergence on the charts on both RSI and MACD and the psychological set up on USDINR too supports a corrective rebound . Swing Break confirmation needed which should come around 64.40/-
USDINR - Mother Child Candlestick or Bullish Harami Above 64.70There is a mother child candlestick pattern or bullish harami. Once it starts moving above 64.70 & holds above that likely it could put end to INR appreciation for sometime & dollar could start moving up against rupee.
We shall look for 65.50-65.70 as the possible target zone- which I will have to come back to see whether that projection will be met. First, we need a move above 64.70 & it should hold above that level.
Fall was too impulsive from 68.35 so Indian Markets jumped like a rocket.
Previous Update- Can Rupee Capsule power Nifty & BankNifty
BIG PICTURE OF USDINR (ELLIOTT WAVE)Elliott wave chart of us $ inr (weekly chart)
the big picture
we are within the wave 3
USDINR: Mid Term USD UPUSDINR Cmp: 64.415
Mid term USD will stronger than rupee.
USDINR range : 64.82-65.40-66.10-66.85
