Darn!! Consolidation bull flag has broken to up. After three days of consolidation, now USDINR shoot up if Crude Oil supports credibly we're going to see 71.50 near term.
Nice level to short for target 69.92 and then continues. According to price action zone USDINR 70.50 rejected also major currencies recovering
USDINR it is a complete reversal. if it breaks 70.50 then 71.50 easily possible I think.
It's seems WTI Crude Oil making it's bottom following nice positive volume after so long.
USDINR four hour chart looks bearish.
USDINR Four hour chart looks bearish. Indicator Darvas box
USDINR Four Hour Chart Dragonfly Doji appeared at bottom it can kick up USDINR to 70.50 till EOD.
USDINR Four hour chart seems bullish Bearish flag has broken to upside. Sentiments: Crude oil up 46.33 by +0.1%, Brent oil up 54.75/+0.1, Natural gas up by +2.43%, US Dollas index up 95.80/ +0.08%, EURUSD up 1.146/+0.14%, JPYINR up .6312/+0.40%, GBPINR up 89.012/ +0.26%, EURINR up 80.4630/ +0.46%, USDINR up 70.18 /+0.08%. Technical buy signal, bearish flag has...
Bearish Flag on USDINR Four Hour Chart. Guess the target for downside 69.50-30??
Darn!! Looks like USDINR will hit 69.50 again Technical: There's a bearish flag pattern has formed after a dip down from it's crucial support zone at 71.60. Fundamental: Fed rate hike was a big hype and dubious for market speculation. unfortunately Nifty could not able to make it 11k and still struggling at support zone 10850. Crude oil trying to come up after...
USDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60 Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
Let's Discus. I have been tracking USDINR since august. I am smol and I'm not a professional. I trade all F&O, Equity, Commodity and Currency. I follow a Strict Trading Plan, Trend lines, Index's Price Action, Technical and Fundamentals. Pardon me if I'm being late for your reply. I don't always being connected to the internet but I will try my level best to...
Short USDINR Target 71.32 short term. According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish. Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up. USDINR short term target 71.32.
USDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week. Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR. All Jhingalala (:
Short USDINR 69.50 can be archived till November expiry. it broke all support and Fundamental also favoring RBI also Brent oil, Crude oil all down. All Jhingalala (:
As per Technical and chart pattern there's a strong support at 71.50 it can bounce back for the next level target of 75-76. but tomorrow we may see more recovery in USDINR if RBI and Government meeting favored fundamental or it can took sharp up move for USD. Let's see tomorrow what happens