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USDINR

USDINR - Downfall of this pair is evident USD has been weak internationally. Though the effect on USDINR hasn't been that strong as compared to other currencies, but that doesn't mean that this pair is bullish. Furthermore, on seeing the chart, we can see it has been in a descending triangle since March 2020 and continuously making Lower Highs. Now, it has reached a strong support area, but a pullback from this region might be short lived because of the international trend. I would recommend to open sell positions on break of a the support line or in case a pullback happens to the resistance trendline.
UShort
by rjoshicool
USD/INR longHi everyone! USD/INR pair bargains near an important trend line which can be seen on the week chart. RSI and other indicators speak about the next growth of pair in the short term. Therefore I expect growth in the beginning to the level where large volumes, and then to the following level of resistance are located. I wish all good luck in trade! Buy on 73.44 TP1 = 74.67 TP2 = 75.28 SL = 73.10 Information provided is only educational and should not be used to take action in the market.
ULong
by Yuriy_Kuznetsov
2
USD/INR: section fast transactionsHi everyone! USD/INR pair is temporarily resold, I expect growth of the price to the next resistance in the nearest future. The purpose on this idea is taken a little below. Besides should promote growth of the price growth of DXY. Bought on 73.458 TP = 73.83 SL = 73.349 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
1
USDINR: Headed to 75.5Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5. Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity "rally" Caveat: Do never overstretch intermarket relationships. The Delta of change in the value of Nifty to Change in USDINR is not constant either. This is a broad relationship. Hear out the entire video recroding for further caveats and how am I using this chart. This chart prevents me to be an equities bull in abandon. Not yet short on equities, yet not willing to expand exposure on the long side on equities. Once the USDINR chart starts producing the C wave and the uptrend line on Nifty breaks thats when one will trade on the short side on equities.
Long
by SushilKedia
1
ridethepig | India marking a major highA flawless call in Nifty (Indian Equities) from the highs before Covid to the lows and back up in the opposing direction. We should all have made a killing on India, the pseudo-classical school always considers technical analysis as inferior, however this is not the case. As a main theme, INR buyers now choose to load for 68-66 which is the new base for 2021. The decade ahead looks positive for India and they will start playing a considerably louder position in geo-politics for the coming years. We are talking about a -8% devaluation from current levels. You can ask, what about pips? Well... pips are for pipsqueak's ... this is macro trading, rather than struggling daily this judgement carries strength in the MT and LT and ought to sound something like "watching paint dry". That is the real truth which my models have discovered about this leg lower in USDINR. You will find further considerations of the Indian macro picture in the end of year wrap up and the 2021 maps coming in the following weeks. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
4
USD/INR reviewHi everyone! Now USD/INR pair is in the closed range. On the week chart the price executed correction in 50% according to Fibonacci of the last wave of growth. It will be possible speak about a turn and continuation of growth of quotations only after overcoming the resistance line which is specified on my chart in green color. Fibonacci's levels and trend lines are noted too. Now it is better to watch the market from outside. Thanks for attention! Information provided is only educational and should not be used to take action in the market.
U
by Yuriy_Kuznetsov