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USDINR

USDINRThe USD/INR is trading near the 74.9000 juncture in early trading today, after actually trading above the 75.0000 juncture briefly yesterday. Volatility in the USD/INR has increased as resistance levels have proven vulnerable and reversal off highs occur in swift choppy motions. After breaking through the 74.7000 level yesterday, the USD/INR saw an impetus of buying. While the pair has come off yesterday’s highs, the USD/INR continues to traverse within its upper price band. Yesterday’s higher values fractionally surpassed the upper mark achieved on the 19th of July of approximately 74.0300. Experienced traders within the USD/INR remember the higher range achieved in April when an apex of nearly 75.5700 was briefly touched on the 21st of April. The higher prices achieved in April occurred during a wave of coronavirus concerns hitting India. This time around the bullish momentum is likely being caused by a complex mix of a stronger USD due to nervous global investment sentiment and US central bank pronouncements. Technically, the 75.0000 may appear to be a key psychological resistance level. If this barrier is penetrated and prices are maintained above this juncture, it would likely be signaling that additional buying momentum will be generated short term. Speculators who believe the USD/INR is overbought and want to seek selling positions are advised not to be overly ambitious with their wagers and target limited downside movement. Current support looks to be around the 74.8300 level. Market conditions for the USD/INR are fast and traders need to be aware of the velocity of price changes that are potentially liable to happen if market conditions remain nervous globally. Speculators are urged to used solid entry price orders to make sure that their ‘fills’ meet their expectations. The USD/INR is certainly traversing the higher realms of its long-term price range. However, conservative traders are reminded the Forex pair has traversed these heights before. Trading above the 75.0000 is not out of the question and speculators who doubt higher moves will occur may want to look at a one-year price chart. Buying the USD/INR on slight moves downward and then looking for upside price action may be a worthwhile wager. Traders should be cautious, but current resistance levels may prove vulnerable. Traders may be tempted to buy the USD/INR around the 74.8700 to 74.8400 levels and seek limited upside momentum too for quick-hitting wagers.
ULong
by SmoothJB
USDINR USDINR faced resistance near the falling trendline from the 2020 top, it came close to touching it but turned lower, also hit has broken down recent support trendline too, another move to the bottom end of the triangle near 72.47 should develop, if this triangle is complete as presumed then we should break below 72.47, and that would be b d trendline and it can make it more bearish. Key Levels are Mentioned on chart Wave Structure Trendline breakdown Macd in daily negative and crossed under zero line Rsi in daily below 40 and down tick Lower bollinger band challenged in daily time frame Dmi adx also Negative ungli Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
Short
by RK_Chaarts
USD/INR: section fast transactionsHi everyone! USD/INR pair approached important support line which lasts since September of last year. Technical indicators indicate the need at least corrections from this line. After achievement of level 73.60 it is necessary to look attentively behind dynamics of pair as after long accumulation of positions the explosive growth or falling is possible. Now pair is clamped in a triangle. Buy on 72.94 (purchase from the trend line) TP = 73.60 Information provided is only educational and should not be used to take action in the market. This section is intended for short-term speculation. Be ready to leave a position at any time.
ULong
by Yuriy_Kuznetsov
USDINR SYMMETRICALHello Welcome to this analysis about USDINR, we are looking at daily timeframe perspectives. USDINR in recent times heavily decreased with bearishness however it now moved into an oversold condition. USDINR is developing here that will be a decisive factor in the upcoming times. I discovered the main formation USDINR is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how MARUTI has emerged with this key USDINR SYMMETRICAL PATTERN marked in my chart with the black boundaries. USDINR is near support region which is an important support and also psychological support-mark together with the lower-boundary of the USDINR SYMMETRICAL PATTERN a pullback In this manner, thank you for watching my update-analysis about USDINR and its major USDINR SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
ULong
by shanechart
is everything rainbows, roses, and unicorns for India?The great mobility of capital in India has been known for some time. In the endgame however, valuations becoming overstretched, although a mere extra, is one of the principal actors. So we must consider unicorns to be developed as as necessary step in this battlefront and it is no surprises from a timing perspective. So we have the following charts: Nifty slowly approached the 12,000 level, and when arrived it brought together all kinds of unloading, more than enough for a hearty breakfast. Once more we consulted, this time with the price at 8,500, and this picture was intended to convey how after the penetration, we should typically look for a slingshot towards the highs in a 5th wave. Here we now have the proper moment to get into contact with the corrective swing. I am looking for an August/September temporary high that could last into Q1 2022, and so we can become a bit more enterprising with the next moves. Here eyeballing a correction from current levels, 16,500, towards the 12,500 support over the coming months and quarters. This is demonstrating profit taking as the big beasts and sharks book gains for the year, and bringing your portfolio to safety rather than anything else.
NSE:NIFTYShort
by ridethepig
9
Indian Rupee - USDINR - Is it all over?I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from 1980 which acted as a support in 2011, 2018 and in 2020 is now broken. After analysing the move 2008 until the all time highs, it seems that the top is place. Another way to confirm is to look at the type of pattern that is forming when the prices fell from all time highs. On the looks of it, it seems the fall is in-line with the correct pattern and doesn't violates any rule or guidelines in place. So if the analysis is correct, then what can be expected? price should fall at least to Rs. 69.5 to Rs 71.xx levels to begin with. This fall should be sharp and fast. Post that, there could be more bearish potential but it could be too early to call for it. Finally if the prices falls below Rs. 68.32 on a closing basis, then it will be confirmed that the long term top is in place and price could put Rs.62.5 I will continue to track it and see how it performs over the next few weeks. FX_IDC:USDINR
Short
by ABFX6
It is time to buy USD/INRHi everyone! Now USD/INR pair reached the trend line on the week chart. Technical indicators indicate the need of a turn. I consider that in the nearest future we will be able to observe strengthening of dollar. Purchase has the low level of risk since SL can be placed below the trend line at once (everyone chooses itself). Bought on 72.79 TP1 = 73.59 TP2 = 74.79 SL = 72.38 Information provided is only educational and should not be used to take action in the market.
Long
by Yuriy_Kuznetsov
USDINR ::: SHORTL O N G T E R M S I P T R A D E DATE: 20 MAY 2021 INSTRUMENT: USDINR TREND: SELL TIME FRAME: DAY CMP: 73.160 SELL BELOW: 73.118 STOP LOSS: 73.30 TGT 01: 73 TGT 02: 72.84 TGT 03: 72.70 TGT 04: 72.323 TGT 05: 72.70 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever. Leave a comment that is helpful or encouraging. Let's master the markets together.
UShort
by ajithchand-bhandaari