Past week saw a brief breach of 81.95 and tested a low of 81.75 and reacted quickly towards 82.75. As observed in the previous blog the declines are used as opportunity to hedge the Imports. Once again, the markets would be looking for lower levels to hedge imports. It appears that the pair seems to be in no mood to breach even 81.70 on a closing basis. In such...
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📉 Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Wedge 📌 Symbol/Asset: USD/INR 🔍 Description: Strong resistance. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video...
hello, Usdinr strong support 82.0650 brake tomorrow next target 82.2075 ,82.2950 still friday. for hold.
In the dynamic world of stock markets, mastering the art of timing can be a game-changer for traders. While it may seem counterintuitive, the pullback strategy provides a unique opportunity to capitalize on short-term reversals within a prevailing trend. By strategically identifying these temporary retreats in price, astute traders can potentially enter trades at...
Past week saw a very narrow range of 82.10-81.94.As observed in the previous blog the declines are used as opportunity to hedge the Imports. A close below 82.00 favors further lower levels provided 81.95 is breached on a daily closing basis.. The currency pair is at a crucial support. It appears that the pair seems to be in no mood to breach even 81.90 on a...
hello, today 23 june 23 usdinr contiune Berish trend next support 81.9675 ,81.9350,81.9125 & next resistance 81.9900,82.0425,82.0850
hello, today 22 june 23 usdinr may continune berish trend, next strong support 81.9900 ,9625 ,9325,9125 & up side resistance 82.0425 ,82.0875, 82.1300
hello, today 21 june usdinr have sideway, next resistance 82.1300, 82.1800,82.2550, next support 82.0875 ,0475 ,81.9900
Usdinr 1dtf is at very good support it might take a reversal from the support or breakdown It is posted earlier during reversal at resistance
hello, today 19 june usdinr may have strong support 81.9375, 81.8950, & next resistance 82.0350, 82.0775 overall trend in downside, take with proper sl
There are chances of fall as the pattern has been building for 8-months and it is near breakout. But RBI might step in and buy dollar consolidating the price. Be on the lookout and take trades accordingly. Personal Bet: RBI steps in slowing in the price down. Have sold 82 PE for 23th Jun expiry @ 0.11.
Since Oct 2022 the price is in a complete side-way trend . For so long the trend not changed so it is more probable now that prices will pick momentum in either direction , I am little biased for a bullish move because on long term the trend is strong bullish. Any news (whether small or big) will become a trigger. We will see a big news now. From US.
hello, today USDINR next support 82.0775, 82.0375,82.00 next resistance 82.1450 , 82.1875,82.2475
hello, usdinr june 16, next support 82.32 & 82.17 next resistance to 82.44