USDINR - CAN WE SEE A 8% FALL IN NEXT 10 DAYSUSDINR - GO SHORT @ 76.71 WITH A SL OF 77.91 AND A TARGET OF 71.52. TARGET SHOULD BE ACHIEVED BY MID-APRIL 2020
Rupee
USD/INR moves up against the downtrendThe main trend is a downtrend; however, it does not mean we cannot take a little profit in a downtrend. As it is against the steam, we put our stop tight here.
Entry: 70.5
Stop: 70.2
Final target: 71.22
Have a good week. Follow to hear more.
usd/inr down trand my idea once check after trade now inr 50% down side move.because major (res) brokan and re test coming after market move up side
USD/INR: Uptrend about to resume?The USD/INR (Indian Rupee) pair triggered a bullish wedge pattern recently and entered into a consolidation.
The price is now trading near the 38.2% Fib level which aligns with a horizontal support level, signaling a potential continuation of the underlying downtrend.
Notice that the pair hasn't reached the profit target projected by the wedge pattern yet, which lies around the 73.50 level.
We are following this setup in our Telegram group and wait for a buy confirmation
USDINR Daily Chart: An ending diagonal coming home?USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09
A move above 72.30 invalidates the pattern.
Wave count in Nifty too supports short term weakness.
USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
USD/INR: Buy & Sell Full Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The only level in play is 68.86=> After many requests from our followers in India we are posting an update to the USDINR map.
=> Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough.
=> This means the next big support level below is 68.86 which includes a confluence of major highs in 2013 and 2018. This is the 50% retrace of the final advance wave.
=> Rationally, the fact this level was so important on the way up and took many times to crack ...we know it will be equally important on the way down. A break below will increase confidence that a major top has been put in placed and afterwards there is very little in the ladder till 66.15.
=> Here actively looking to build positions to the downside and tracking 68.86 very closely.
=> Good luck to all those trading this one in live or looking to build positions ... or simply watching from the sideline
INDIAN RUPEE VS U.A.E DIRHAMS ForecastGuys, INR/AED pair is poised to go higher till .0532 during January 2019 , from there there are two possibilities described below -
A) It may reverse from that point considering its testing all time low support line (Black line) which now will act as a strong resistance line, and hence price will go low to the new lows around .470 mark.
B) If, the price pierces back this strong resistance and enters into historical ranges, it may go up till .550 during MAY-JUNE 2018 which can act as a strong resistance to upside, because there is a strong downward trend-line(Blue-trendline) coming into play and hence it may go lower to create new all time lows around.470 during DEC 2019.
Route A and Route B are moreover evident from Fibonacci retracement from DEC 2013 level and FEB 2013 highs as well. So Fib levels are also in direction of the Route A and Route B predictions.
Final Analysis : Go long on this pair now - Buy and hold till .0532 and look for selling opportunities from (.532 to.550) ZONE and sell it to the (0.432)ZONE
Good luck, Thanks.
MELVIN SABU
Key reversal for USDINR in play here=> Studies are starting to show we are extremely overbought here in USDINR and a mean reversion play looks imminent...
=> The daily close below 71.38 will confirm this and unlock both the 70.395 and 69.530 before there is anything else to the buy side.
=> Similarly to the USD/RUB and USD/TRY we are starting to see temporary short-term highs across most of the EM spectrum.
=> Good luck
USDINR nice short opportunity since the daily chart stoch rsi , and rsi shows overbought condition and we are heading to 1.618 ext of last rally down on daily chart , and counting wave 4 extension of 3.618 fib , and could be a great short opportunity for overdue correction
(Very) Long term analysis for INRAs of today, my very long term analysis for INR is as shown in the chart.
I will update the chart if I see any major change in the structure
