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INDIAN RUPEE / U.S. DOLLAR

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INRUSD trade ideas

USD/INR, growth will be continuedHi everyone! In the idea of November 22 I predicted growth to purpose 77.42. As a result the price rose from 74 to 76 and now is in correction. Apparently from my schedule, the price reached level 0.382 according to Fibonacci. Therefore I expect that in the nearest future growth will be continued to purpose 77.42 which is earlier designated by me. Information provided is only educational and should not be used to take action in the market.
Long
by Yuriy_Kuznetsov
3
USDINR - 30Dec2021USDINR - 30Dec2021 On the daily, price have confirmed below 50MA and breakout trendline. Need to wait and see whether it confirm below on the weekly timeframe. On the H4 timeframe, price broke down from the important support level at 75.00 area. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.00 before going down further. There also seems to be a h&s in play with target around 74.20. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDINR - 20Dec2021USDINR - 20Dec2021 On the weekly, price faced bearish pressure from 1st Resistance at 76.40 as expected. We could expect the price to pull back to at least 75.83. It is also worth noting that USDINR is currently moving inversely of DXY. If DXY strengthens, USDINR drops. On the H4 timeframe, price is coming into support area at 75.8665. We could expect a short-term bounce from this level. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USD/INR long, 22 of novemberHi everyone! In the previous idea I expected growth after a figure a triangle, but it did not take place. Now USD/INR pair reached the trend line again on the week chart which the price repeatedly beat off. Now I expect price movement to level 1.618 according to Fibonacci up (also as happened to USD/TRY). It is confirmed also by technical indicators. Also I marked in the karsny color strong support and the price is directly naety level now. Bought on 74.33 TP = 77.42 SL = 73.829 Information provided is only educational and should not be used to take action in the market.
Long
by Yuriy_Kuznetsov