INRUSD trade ideas
The future trend of USDINRIt is bullish above 71.0500 and bearish below 68.4500 and in between is the zone to trade for little profits as per the signals. This chart has all the zones of movement. Anyone can take the help of this chart and again wait for the breakouts.
Thanks to Tradingview.com
USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
USDINR Downtrend due to PAKINDIA war.As per fundamentals india 3 aircrafts were brought down and 1 plot is arrested by Pakistan army so the high downtred is possible due to these war conditions. ist 2 .targets will be aceived shortly and esily
#USDINR wait for the breakout, 1 week to goLooking at the political situation USDINR is forming a triangle.
I expect breakout to go LONG.
INRUSD a formation of harmonicThe price action is forming a bearish shark and a bullish gartley insha Allah, the short position area and long position areas are mentioned according to gartley.
Regards,
Atif Akbar
The only level in play is 68.86=> After many requests from our followers in India we are posting an update to the USDINR map.
=> Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough.
=> This means the next big support level below is 68.86 which includes a confluence of major highs in 2013 and 2018. This is the 50% retrace of the final advance wave.
=> Rationally, the fact this level was so important on the way up and took many times to crack ...we know it will be equally important on the way down. A break below will increase confidence that a major top has been put in placed and afterwards there is very little in the ladder till 66.15.
=> Here actively looking to build positions to the downside and tracking 68.86 very closely.
=> Good luck to all those trading this one in live or looking to build positions ... or simply watching from the sideline
USD/INR- Short after pull back USD/INR post good correction is ripe for a pullback till 71.5, which can be a good entry point for shorts.
USDINR EW Analysis and Most likely paths - not so long termMost likely path based on confluence of EW targets
USD INR Sell set upLooks like we are very near to complete a 44 year long bullrun in USDINR. Prices have moved up from 7.39 in 1974 to above 74 yesterday. Now is time for correction of this 44 year bullrun.
Retracement levels:
23.6 at 58 - 59
38.2 at 48 - 49
50 at 41 - 42.
USD INR bulls be careful. This is not a recommendation to long or short but a view on the pair.
Further EM pressure and INR will capitulate=> With oil creeping higher again we are maintaining a bearish view on India
=> There is no reason for INR to no longer remain offered as US yields push higher and attract foreign capital and global uncertainties rise.
=> The Indian government deficit has rising for half a year now and we are seeing a widening of corporate spreads with equities selling off.
=> This will be a very interesting one to track as we may see capitulation in other EM markets.
=> GL all
