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USDINR

USD/INR: Trapping both buyers and sellersUSD/INR’s daily chart shows the currency pair is trapping both buyers and sellers. A symmetrical triangle breakout confirmed on April 21 was short-lived. On similar lines, the breakdown confirmed on Thursday ended up trapping sellers on the wrong side of the market. Thee daily RSI is now trapped in a bearish channel. I would buy once the RSI breaches the top end of the falling channel. That will likely power a sustained break above 77. Alternatively, Thursday’s low of 74.93 is now the level to beat for sellers. A violation there would confirm a bearish reversal.
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by OmiFX8
The Indian rupee remains on the defensive against the US dollar As India becomes paralyzed and the situation there continues to worsen, the Indian rupee remains on the defensive against the US dollar in the market. The USD/INR pair recently reached its all-time highest as the Indian rupee fails to defend itself. Unfortunately for bearish traders, the pair is still widely expected to continue to climb in the coming sessions. Looking at the pair, it’s seen that the 50-day moving average remains significantly farther away from the 200-day moving average. The Indian rupee will remain under pressure as the damage of the coronavirus pandemic to India’s economic activities becomes more evident. Just recently, the HIS Markit India services business index dropped below the 50-mark that separates contraction from expansion. Economists believe that the worse has yet to come to the country as their lockdown there has just begun following the announcement of Narendra Modi, the Indian Prime Minister.
ULong
by Financebroker
History of the Indian Rupee (from the 1980's to 2020)The History of the Indian Rupee from the 1980's to 2020. This graph is relative with the other major world currencies with "yellow" indicator lines for major (historical start date) problems in the History of the Indian Currency going back to the 1980's. The Indian Rupee is has a market-determined exchange rate. However, the RBI trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate. This is sometimes called a "managed float". Other rates (such as the EUR/INR and INR/JPY) have the volatility typical of floating exchange rates, and often create persistent arbitrage opportunities against the RBI (if the USD is not stable) Note: China is the light blue graph in this study.
by idasuperman
Comex Gold - Selling The Tops at 1705 $-Case of Ending DiagonalDisclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Happy to get the clue straight from the yellow metal & to see it unfolding as expected on 7th March 2020 video idea which was published on Indian Version - Nifty / Gold / USDINR - The important Juncture. Video Idea (Click the Idea Below) ------------------------------ Long Term Outlook ------------------------------- A possible case of Ending Diagonal which suggest that the rally which started from 1045$ to 1705$ has completed & we look for downside Targets - 1045$ / 900$ / 750$ Short Term Outlook Wait for some bounce above 1500$ in the zone 1590 - 1625$ zone - If you see the commodity getting rejected in the suggested zone then putting stops above 1635$ could be an opportunity for selling the commodity for Targets - 1500$ / 1445$ Thanks for watching the video & stay classy till next idea.
COMEX:GC1!Short
by WaveTalks
12
#USDINR | Double TopPlease support this idea with LIKE if you find it useful. Price was rejected by the horizontal resistance which gives us a Double Top pattern, also we have an RSI is in an overbought zone. The price can retest the previous resistance of the Channel (currently support), so we can initiate a short position with a stop-loss above horizontal resistance Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
UShort
by Anpu