USDINR Indian Rupee Short PositionUSDINR (#USDollar Vs #IndianRupee) Short Signal
Entry:81.903
SL:82.146
Target:80.849
RR:1:4
But You can Save Profit and Continue Target:80.206 Means 1:7 RR
Please Tell me Your Idea?
Usdinrchart
USDINR looks strong on Daily & Weekly timeframe, heading to 77.8USDINR is rising on rising sharply due rising crude oil prices this week, as European nations has said No to Russian Oil.
USDINR is looking strong and can head to levels of 77.8 where it can face huge resistance.
If USDINR manages to trade above 77.8 levels on daily and weekly timeframes, then it is heading towards 78.5 levels.
If BEARS managed to hold USDINR further upward movement or if RBI intervenes, then it can fall back to retest 77.4 levels.
P.S. Most of this movement in USDINR this week would be dependent on how CRUDE OIL performs in global markets.
USDINR looks to be good short, heading down to 77.2 levelsUSDINR has been trading in an Upward Parallel Channel, since last year end till now. Recently it has hit the upper top of the channel at 77.88 levels.
Its a SELL till 77.4 and if it breaks 77.4 level with good volume, it can further drift down to 77.17 levels.
76.94 to 77.1 7 is a Buy Zone, where can be a bounce back but till that time, its a Short.
#Usdinr #usdinrbreakoutAs said befour the usdinr pair given a breakout check it was a semetric triangle. And right now coming back for retest or by making double top.
USDINR in a consolidation / distribution phase?Currently after the recent run-up OANDA:USDINR is in a consolidation phase.
But if it breakdowns, then it could re-visit it's previous demand zone, before resuming it's uptrend again.
USDINR Price expected to rise from hereUSDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
