Get started

U.S. Dollar / Indian Rupee

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDINR trade ideas

USDINR - 25Oct2021USDINR - 25Oct2021 On the daily timeframe, USDINR finally bounced from 20EMA and 1st Support at 70.6950. It is now at previous breakdown area at 74.940. On the H4 timeframe, price bounced back to the resistance level. It has now rebounded to neckline of h&s , price target around 74.075. For today, we could expect it to face bearish pressure and dropped back to 1st Support. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by benson.yzh
USDINR USDINR faced resistance near the falling trendline from the 2020 top, it came close to touching it but turned lower, also hit has broken down recent support trendline too, another move to the bottom end of the triangle near 72.47 should develop, if this triangle is complete as presumed then we should break below 72.47, and that would be b d trendline and it can make it more bearish. Key Levels are Mentioned on chart Wave Structure Trendline breakdown Macd in daily negative and crossed under zero line Rsi in daily below 40 and down tick Lower bollinger band challenged in daily time frame Dmi adx also Negative ungli Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
Short
by RK_Chaarts