Usdinrlong
LONG USDINRSeeing a break in a downtrend and recent GDP predictions of -7.3% and economic devastation can see the rupee weakening further. A leading banker asked for more printing of money to help the economy. Petrol is already touched 100 rupees in many cities.
Candlestick pattern : Bullish Harami at the previous well-established support region followed by a large candle.
It is time to buy USD/INRHi everyone! Now USD/INR pair reached the trend line on the week chart. Technical indicators indicate the need of a turn. I consider that in the nearest future we will be able to observe strengthening of dollar. Purchase has the low level of risk since SL can be placed below the trend line at once (everyone chooses itself).
Bought on 72.79
TP1 = 73.59
TP2 = 74.79
SL = 72.38
Information provided is only educational and should not be used to take action in the market.
USDINR - Reaching solid support zoneThe current structure of USDINR is still weak and is probably moving towards 72.65 levels.
The current chart shows two technical possibilities that suggest goos support zone in the 72-73 range.
At First, there is trendline support, that the prices broke in April 2021, and the same trendline would now act as a support.
Secondly, there is also a harmonic pattern probability whose support also coincides with the trendline support.
So keep your eyes on price action, and be ready to take advantage of solid support.
If you are trading this, you are trading at your own risk
USD/INR long, 30 of aprilHi everyone! USD/INR pair moves to the lower line of an upside channel. However, I consider that shortly there will be a movement up to the level of the last top. Now it is necessary to watch closely overcoming the red line noted on the chart. Careful traders should wait for this confirmation of the idea.
Bought on 74.01
TP = 75.56
SL = 73.16
Information provided is only educational and should not be used to take action in the market.
USD/INR longHi everyone! USD/INR pair on the day chart moves in an upside channel and now reached its lower line. Technical indicators indicate oversold pairs therefore I expect continuation of the ascending movement to level 1.618 on Fibonacci.
Bought on 74.38
TP = 76.68
SL = 74.088
Information provided is only educational and should not be used to take action in the market.
USD/INR long: section fast transactionsBought on 72.56
TP1 = 72.79
TP2 = 73.07
SL = 72.24
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
USD/INR longHi everyone!
USD/INR pair bargains near an important trend line which can be seen on the week chart. RSI and other indicators speak about the next growth of pair in the short term. Therefore I expect growth in the beginning to the level where large volumes, and then to the following level of resistance are located. I wish all good luck in trade!
Buy on 73.44
TP1 = 74.67
TP2 = 75.28
SL = 73.10
Information provided is only educational and should not be used to take action in the market.
USD/INR currency trade setup.USD INR analysis for upcoming long view.
Please comment what are your views along with your analysis.
lets have a good discussion
USDINR clear LongUSDINR still in Bullish territory
long at 73.2500 stop loss 72.7250
breaching 72.7450 leads to down side 71.650
intermediate support at 70.150
Target 75, 76, 77
long term support at 68
closing below 68 enters bearish territory until buy on dips strategy USDINR
USD gaining strengthen against INR -poised for Rally 2.0 USD is consolidating and looking to gain strength again. This time it might go and hit 80. Buy on dips with the support level given in the chart !!
INDIAN RUPEE| STRUCTURE ANALYSIS
USD_INR BROKE THE CHANNEL AND IS FORMING A TRIANGLE, SQUEEZED BETWEEN RESISTANCE AND A 2 YEAR SUPPORT LINE.
THE PAIR EITHER BREAKS UPWARDS AND CONTINUES TRADING INSIDE WIDER OR NARROWER CHANNEL>>> LONG AFTER CONFIRMED BREAKOUT.
OR THE TRIANGLE BREAKS DOWNWARDS>>>SHORT AFTER PULLBACK. ULTIMATE TARGET=SUPPORT 1.
LIKE AND SUBSCRIBE FOR MORE!
USDINR ::: LONGDATE: 5 SEPTEMBER 2020.
INSTRUMENT: USDINR.
TIME FRAME: DAY.
TRADE TYPE: POSITIONAL.
INDICATORS:
PSAR: BULLISH
STOCHASTIC: BULLISH DIVERGENCE.
PRICE ACTION:
CMP: 73.164
BUY ABOVE: 73.550
SL: 72.80
TARGET: 75.540
RISK DISCLOSURE
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
USDINR Possible continuation of uptrendIt seems bullish for this month, looking for buy entries, trade with proper risk management.
USDINR ::: HIGH RISK TRADE :::::: HIGHRISK TRADE :::
31 MAY 2020
USDINR
CMP:75.7925
BUY ABOVE 75.7925
SL:75.70
EXPECTED TARGETS
75.8315
75.8838
75.9360
76.0103
Very strong resistance at
76.2500
76.0700
USDINR may be heading up soon.USDINR looks all set to break out from a triangle formation. We can expect a rally towards 77 levels.
Break below 74.90 would invalidate the outlook.
USDINR Trading Plan BUY - Riks Reward 1:2 Max 1:2.5USDINR Trading Plan BUY - Riks Reward 1:2 Max 1:2.5
USDINRUDSINR CMP 75.72 spot is poised for initial leg of up move until 78/78.6. However long term target remains at 80+ Levels
