USDINR - 23Mar2022USDINR - 23Mar2022
On the H4, market structure for recent price action have changed to lower highs and lower lows. Price faced rejection yesterday at the 50% Fib resistance at 76.45. As long as price action is kept below 76.70, we could expect USDINR to drop lower to 200MA at around 75.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
INRUSD trade ideas
USD/INR longDespite srabotnanny SL in the last idea, I consider that height of vapors of USD/INR will proceed. Now the price reached the trend line on the week chart from which the price many times made a start. I set as the purpose on this idea a price maximum.
TP = 76.97
Information provided is only educational and should not be used to take action in the market.
USDINR - 14Mar2022USDINR - 14Mar2022
On the weekly, price close as a spinning top candle last week above the minor bullish channel. On the larger timeframe, USDINR has room for further upside.
On the H4, price is bouncing back to retest previous highs at 77.16 after a strong bounce back last Friday.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 11Mar2022USDINR - 11Mar2022
On the daily, the price gapped lower and bounced yesterday. But the price is still close lower than the previous day's candle.
On the H4, price bounced from 50MA support at 76.08. As price closed lower on the daily, we could expect USDINR to pullback further to daily / H4 Support at 75.75
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Mar2022USDINR - 08Mar2022
On the daily, price has gapped up above the upper channel to 1st Resistance at 77.1605. With Stochastic at resistance, we could expect short-term pullback.
On the H4, gapped up to 1st Resistance at 77.150 which is also 127.2% Fib resistance. With Stochastic at resistance, we could expect price to pullback to 1st Support at 76.28.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Mar2022USDINR - 07Mar2022
On the weekly, price is surging up to its upper trendline resistance. We could expect it to reach its weekly resistance at 76.57 next week.
On the H4, price surged above the minor parallel channel and faced bearish pressure around previous highs at 76.42. With Stochastic at resistance, we could expect USDINR to pull back to 23.6% Fib support at 75.930.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 04Mar2022USDINR - 04Mar2022
On the daily, price is at resistance around 76.00.
On the H4, price closed above previous resistance at 75.88. As Stochastic still have room for further upside, we could expect price to bounce higher to 1st Resistance at 76.210. This level is expected to be the max upside for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Mar2022USDINR - 03Mar2022
On the daily, price is facing bearish pressure at the resistance area at 75.895.
On the H4, price gapped up and bounced higher but now it has pulled back to 23.6% Fib support. Price is expected to bounce higher but if it could also potentially pull back to gap fill 1st Support at 75.315 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 02Mar2022USDINR - 02Mar2022
On the monthly, having Feb22 candle close above Jan22 we could expect USDINR to bounce higher in Mar22 to its upside trendline in the parallel channel.
On the H4, price have once again closed above the trendline convincingly which could push it up further to the 2nd Resistance at 76.2100.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 28Feb2022USDINR - 28Feb2022
USDINR price action is very mixed due to the geo-political issue. On the monthly if this month's candle closes above previous candle's highs, we could expect further upside.
On the H4, price pulled back below the trendline and is now at 20EMA support. We could expect a short-term bounce to 1st Resistance at 75.35. Thereafter will need to further monitor its price action.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 25Feb2022USDINR - 25Feb2022
On the daily, price have bounced back above the 20EMA and 50MA. It could be resuming its upside trend in the parallel channel .
On the H4, price bounced back above the long-term trendline. We could expect a bounce from 38.2% Fib retracement and trendline Support at 75.250.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 24Feb2022 (revised)USDINR - 24Feb2022 (revised)
USDINR have busted through resistance levels in my previous analysis so releasing a revised.
On the H4, price broke above the descending trendline and is now coming into 61.8% Fib + ascending trendline resistance at 75.1880. We could expect the price to meet bearish pressure at this level. Now waiting to see whether price can confirm above 200MA on H1.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 24Feb2022USDINR - 24Feb2022
On the daily, price have retested the 23.6% resistance but face bearish pressure and closed back down and 200MA has yet to be tested.
On the H4, price closed back below all the MAs. With H1 Stochastic at resistance, we could expect price to face bearish pressure from the 23.6% resistance + descending trendline at around 74.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 22Feb2022USDINR - 22Feb2022
On the daily, price found support near 200MA after dropping and confirming below 20EMA & 50MA. The price could rebound to test 1st resistance at 74.880.
On the H4, price have retested and close above 23.6% Fib retracement before facing bearish pressure and closing back near the previous day lows of 74.50. As daily is on support, we could potentially expect price to bounce back to retest H4 1st resistance at 74.8850
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Feb2022USDINR - 18Feb2022
On the H4, price had a minor bounce back to 1st Resistance at 75.23 from the ascending trendline. As long as price is above the long-term ascending trendline, we could expect price to bounce back higher.
If price close below the ascending trendline, price may want to retest the 200MA at 74.60 area before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Feb2022USDINR - 17Feb2022
On the H4, price is coming into ascending trendline + 1st Support at 74.91. With Stochastic also at support, we could expect price to rebound back to 1st Resistance at 75.2300.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 15Feb2022USDINR - 15Feb2022
On the H4, price was not able to bounce higher to 1st Resistance at 75.8550 yesterday. H4 Stochastic is also at resistance for pull back.
On the H1, RSI is indicating negative bearish divergence while Stochastic is at resistance. With all the indicators aligning for possible pull back, we could expect USDINR to pull back to H4 1st Support at 75.2260.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 14Feb2022USDINR - 14Feb2022
On the weekly, price is bouncing higher in an uptrend channel. We could expect price to bounce higher to the upper trendline in the near future.
On the H4, price has closed above 61.8% Fib resistance at 75.40. As Stochastic also have further room for further upside till resistance, we could expect price to bounce higher to 1st Resistance at 75.8550.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 11Feb2022USDINR - 11Feb2022
On the daily, USDINR once again bounced above all MAs, trendlines and previous highs for further upside.
On the H4, price closed above previous highs. With Stochastic having room for further upside before resistance, we could expect price to bounce to 1st Resistance at 75.495 today.
This is for personal record purposes only, not financial advise or solicitation of trade.