1 DEC- Analysis: Currency Price is consolidating at the top USDINR opens: side: if it gives breakout buy(100) gapup: buy (100) gapdown: if opens near previous day reversal + immediate breaks 5 min high then buy(100) if it cosolidate in first half after gapdown then we can sell in second half after 11:30 am (100)
USDINR (#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?
USDINR 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...
USDINR 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.
The US dollar has gone back and forth during the trading session on Thursday as we hang around the ₹75 level. The ₹75 level in the past has been resistance, and it certainly looks as if it is the same situation now. I believe the market testing this major resistance barriers a sign of just how weak India is at the moment, as traders around the world continue to...
The US dollar has enjoyed a relatively large move to the upside against multiple currencies for the last couple of months. It has been no different againts the Indian rupee, as emerging markets in general have struggled. With concerns about increasing coronavirus figures, global growth slowing down, and simple inflation, the US dollar has been what most people...
The USD/INR is trading near the 74.9000 juncture in early trading today, after actually trading above the 75.0000 juncture briefly yesterday. Volatility in the USD/INR has increased as resistance levels have proven vulnerable and reversal off highs occur in swift choppy motions. After breaking through the 74.7000 level yesterday, the USD/INR saw an impetus of...
The current structure of USDINR is still weak and is probably moving towards 72.65 levels. The current chart shows two technical possibilities that suggest goos support zone in the 72-73 range. At First, there is trendline support, that the prices broke in April 2021, and the same trendline would now act as a support. Secondly, there is also a harmonic pattern...
USDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
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
USDUNR 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