hello traders, The market is at the verge of the ascending triangle breakout. The market is bearish today, so adding small positions at every possible dips at the far out of the expiry will be fruitful once the breakout happens and rally starts.
We love sentimental trade ideas. There is nothing better trade than those stemming purely from sentiments. We shared timely long USDINR pair and we have attached the link below. The positive sentiments from Moon landing drove INR higher yet on macro level, this changes NOTHING . Congratulations to India and all Indians! -Signalwyse Team
Instrument shows symmetrical triangle with high probability of bullish move till target area of 85. Would it go down, chances are slim? But who knows what MODI has in his mind :)
A pattern has formed on the USDINR chart with a flat resistance top at around 83 and a rising trendline with gradually higher supports. It could be identified as an ascending triangle pattern. A breakout in either direction could increase momentum and open up a range of about 3 rupees. Keep watch.
Hello friends, First, I love India and the Indian people. I made an analysis for the Indian rupee and I think it is on a very important level now. You see the huge rising channel, in which a small falling one is formed. I have indicated the important levels on monthly and weekly charts, which were just hit. We saw a strong rejection from these levels, which...
USD INR brackout is the very serouse consern in the insian stock market, when usd inr UP indian share market down
As expected, USDINR tool support of the rising channel's bottom and has now started moving up. I expect this upward journey to continue with targets as: T1 - 79.70 T2 - 80.00
USDINR gave a strong upmove last day and is now out of the weekly resistance of trend-line. The resistance was broken with a strong candle and we can expect further upmove. At the same time, USDINR is testing another resistance trend-line that has been tested 3 times since 2013 and now being tested for the 4th time. A weekly close above this would mean further...
USDINR is rising on rising sharply due rising crude oil prices this week, as European nations has said No to Russian Oil. USDINR is looking strong and can head to levels of 77.8 where it can face huge resistance. If USDINR manages to trade above 77.8 levels on daily and weekly timeframes, then it is heading towards 78.5 levels. If BEARS managed to hold USDINR...
Short term bullish on USDINR (Buy and Target Price) Buy at 77 for the target of 77.6
Despite 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 has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes. In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support...
Hi 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...
USDINR has been bouncing off a long rising trendline since early 2021, and in fact has seen what you could reasonably call a clear uptrend on the larger timeframes since 2008. On the 12H chart and virtually all lower timeframes we're seeing oversold RSI reading, either with strong divergence (higher RSI, lower price) or flattening RSI with lower price, pointing...
Hi 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...
DATE: 22 NOV 2021 INSTRUMENT: USDINR TREND: BUY TYPE: POSITIONAL. TIME FRAME: DAY CMP: 74.370 BUY ABOVE: 74.370 STOP LOSS: 73.933 TGT 01: 74.81 TGT 02: 75.03 TGT 03: 75.32 RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not...
The US dollar has gone back and forth during the trading session on Thursday as we hang around the ₹75 level. The ₹75 level in the past has been resistance, and it certainly looks as if it is the same situation now. I believe the market testing this major resistance barriers a sign of just how weak India is at the moment, as traders around the world continue to...
The US dollar has enjoyed a relatively large move to the upside against multiple currencies for the last couple of months. It has been no different againts the Indian rupee, as emerging markets in general have struggled. With concerns about increasing coronavirus figures, global growth slowing down, and simple inflation, the US dollar has been what most people...