Usdinrshort
USD/INR: Buy & Sell Full Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
USDINR BEARISH ZONEThe conversion line and the base line intersecting from below and now moving downward. Selling nearest to 70.45 with stoploss 70.80 targeting 69.05.
Viewers and analysts please comment and thanks to Trading View.
USD/INR making Double TopIn Recent times we have seen Rupee making fresh lows against dollar which resulted in forming double top pattern.
CMP is 71.73
NECKLINE is 71.45
If Neckline gets broken I am expecting 69.95
IF this Happens Expect Nifty Touching 11700 again
USDINR Good Opportunity to shortUSDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413
USDINR : Long term Elliott Wave ForecastAccording to my Elliott Wave count of USDINR, if I am correct ( being skeptical as EW count can be subjective, although all rules have been followed ) we are in minor wave A - of the Intermediate wave (3) - of the Primary wave 3 - of the Cycle wave V.
A Bulling engulfing formed on a Weekly chart suggests we have completed minor wave A , which is also a Fibonacci retracement up to 50% and the next target should be minor wave B for range Rs. 66 - Rs 66.24. (assuming it will be a Zig-Zag correction)
There after target for minor wave C target should be Rs 59 - 58.2944
I'll post more detail EW counts for the same.
USDINR (Monthly) Short -INR appreciates till 60Short at 64.70
Target 59.5
Stop 66.71
Risk to Reward: 1:2.5
$USDINR has hit upper trendlineA perfect hit to the upper descending trendline. Not overbought though, still it wasn't on the last two touches.
