USDINR This chart has a fantastic shorting opportunity back down to point of control @ $83.248. Keep an eye on DXY , it is currently breaking out of it's range between 106 - 100. Entering back into this range and towards 100 will drag this pair down along with it. If you're watching this move also watch USDCAD as it has the same opportunity. In 2016 the Dollar rallied until Jan 20th for Trumps entrance to office, I would expect a little more movement up in these markets for the next 5 days. I will be entering small short positions, ramping up the size as confirmation appears after Trumps inauguration.
Looks like inareshnayak is out here frustrated over market losses. Babe, rule number one: don’t let the market break you. If you’re so sure the Indian market’s tanking, put your money where your mouth is—long USDINR or short the index with a March contract and roll it over until December 2025. But let’s be real, are you actually that confident? Doubt it.
Sure, India isn’t all sunshine and rainbows, and yeah, the political scene’s heating up—opposition is finally waking up, and the ruling party are in coalition. But honey, you can’t hit the light without surviving the dark first. Pain is part of the process.
And newsflash: India’s got the youngest population. You really think they’re gonna sit back and let some oppressive nonsense slide? Nah, they’ll clap back when it’s time. So, sip your tea, hold your nerve, and maybe learn some patience. The market doesn’t owe you anything, sweetie.
USDINR weekly in Ascending triangle the pattern is still valid, there was a SL hunting last week. If the Daily candle closes above 82.2025 USDINR can go up to 82.8120.
USDINR : definitely a bullish view, will have to wait for a good confirmaton while also maintaining good RR. Not expecting a huge move within the next week though, maybe later.