USD 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 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 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, 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, 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, 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
The 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...
USD 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...
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/-
There 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...
In the charts of USD/INR price is froming Lower Lows (LL) and RSI is forming Higher High (H H) within oversold zones...
It is expected that whenever these types of divergence is formed it seems to be Price Reversal...
I have made a long position at a price of 64.85 looking after this divergence...
Note: Do your own study before making any position..
Please...
