USD/INR in pole and flag likely to fail due to movementum in Indian stock market and price action
month charts are showing price is coming close to long term trend line . a big movement is expected on any side for shorts below 72 sl 75.50 and buy above 75.5 sl 72 .
market will most probably reach lower level or supply zone to take proper support.
USD is consolidating and looking to gain strength again. This time it might go and hit 80. Buy on dips with the support level given in the chart !!
DATE: 5 SEPTEMBER 2020. INSTRUMENT: USDINR. TIME FRAME: DAY. TRADE TYPE: POSITIONAL. INDICATORS: PSAR: BULLISH STOCHASTIC: BULLISH DIVERGENCE. PRICE ACTION: CMP: 73.164 BUY ABOVE: 73.550 SL: 72.80 TARGET: 75.540 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record...
OANDA:USDINR utilize these levels for your trade reference.
USDINR looks all set to break out from a triangle formation. We can expect a rally towards 77 levels. Break below 74.90 would invalidate the outlook.
Monthly Chart of USDINR: As seen from the Monthly Chart of USDINR, the currency is trading in the Rising Channel pattern since 2013 to till date. In the month of April-2020 the currency has hit the Upper part of Channel around the levels of 76.50-77.00 and retraced. The currency has formed a Shooting star Candlestick pattern around the resistance levels on...
USDINR Trading Plan SELL - Riks Reward 1:3++
USDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
On Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
SEEMS USDINR Targetting 72.5 and more......... if Closes Below 71.2 Reverses Strict SL 70.30 Be Carefull Have a Watch on RSI also..
USDINR active till indian Budget july 2019