USD-INR at a critical support levelUSD INR is at a critical support level following a long running trend-line. Expect a reversal from this level in a couple of days to find good positions to enter.
INRUSD trade ideas
USDINR - 19Jan2022USDINR - 19Jan2022
On the daily, price bounced and close back above the 20EMA and 200MA. With such bullish momentum, we could expect it to bounce higher to 1st Resistance at 74.780 today.
On the H4, price has consolidated and ready to push up higher to 1st Resistance at 74.770. With Stochastic at resistance, it might just consolidate sideways and wait for stochastic to oscillate back down.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Jan2022USDINR - 18Jan2022
On the daily, it is bouncing back to retest the 200MA where it is expected to face strong bearish pressure at around 74.400
On the H4, price has flirted with the strong resistance level around 74.40. It is expected for the price to at least pull back to 1st Support at 73.970.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Jan2022USDINR - 17Jan2022
On the weekly, price dropped to 50MA before bouncing back. On the daily, it is bouncing back to retest the 200MA where it is expected to face bearish pressure around 74.400
On the H1, price played out the triangle pattern perfectly to 74.2250. On the H4, with the consolidating taking place, there could be a possibility of bouncing up to daily resistance at 74.40 before facing bearish pressure.
This is for personal record purposes only, not financial advise or solicitation of trade.
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Buy usdinr for next 10trading sessionGo long on usdinr for 10 days this market is going positive for next trading session it is positive with volume not wick in down of the candel go+++++
USDINR - 14Jan2022USDINR - 14Jan2022
On the H1, there is a small triangle breakout with upside target to H4 1st Resistance at 74.2250. As long as price does not close back below the triangle descending trendline, we can expect the target to be achieved.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 13Jan2022USDINR - 13Jan2022
On the H4 timeframe, price tried to bounce before dropping back to previous lows around 73.75. As the bounce was not convincing enough, we could expect USDINR might go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 12Jan2022USDINR - 12Jan2022
On the daily, price is coming into long-term ascending trendline support. We could expect price to find a short-term bounce from 1st Support at 73.58.
On the H4 timeframe, price continued to drop lower. However it is coming into daily support. As Stochastic is also at support, we may see price to have a quick drop to 1st Support at 73.50 before bouncing back to 1st Resistance at 74.225.
This is for personal record purposes only, not financial advise or solicitation of trade.
No move premium eats They shows down side move eat premium both side so just play with level don't force your self in trade manipulation
USDINR - 10Jan2022USDINR - 10Jan2022
On the daily/weekly, price was not able to get a proper bounce from the 74.26 important support. As a result, we could anticipate price to go much lower.
On the H4 timeframe, price opened lower below the 74.26 area. If the price close below 74.26, we could expect the price to drop lower to 1st Support at 74.00.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Jan2022USDINR - 07Jan2022
On the H4 timeframe, price bounced back from crucial level of 74.2650. As long as price holds above this level, we could expect it to bounce back to 1st Resistance at 74.7530.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 06Jan2022USDINR - 06Jan2022
On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 06Jan2022USDINR - 06Jan2022
On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/INR, growth will be continuedHi 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 provided is only educational and should not be used to take action in the market.
USDINR - 05Jan2022USDINR - 05Jan2022
On the H4 timeframe, price bounced higher from the h&s target. Due to H1 price action, we could expect USDINR to continue upside to 1st Resistance at 74.8705 which is also the inverse h&s target.
Thereafter we could expect USDINR to come down lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 04Jan2022USDINR - 04Jan2022
On the H4 timeframe, price is currently at h&s downside target of 74.265. As long as this level holds, we could expect price to bounce back to 1st Resistance at 74.7530.
It is also worth noting that there could be an inverse h&s forming on H1 with the price target of ~75.85.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Jan2022USDINR - 03Jan2022
On the daily, price bounced from 200MA support at 74.130.
On the H4 timeframe, price bounced from h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.753.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 31Dec2021USDINR - 31Dec2021
On the H4 timeframe, price have achieved the h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.78.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 30Dec2021USDINR - 30Dec2021
On the daily, price have confirmed below 50MA and breakout trendline. Need to wait and see whether it confirm below on the weekly timeframe.
On the H4 timeframe, price broke down from the important support level at 75.00 area. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.00 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 29Dec2021USDINR - 29Dec2021
On the H4 timeframe, price is currently at daily/weekly support level. But it broke down from the important support level at 75.00 area yesterday. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.022 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 27Dec2021USDINR - 27Dec2021
On the weekly, price has pulled back to previous breakout level where it is expected to act as a major support at 74.8440. It is also at daily 50MA.
On the H4 timeframe, price dropped to 200MA 1st Support at 74.9360 which is also a daily support. We could expect a short-term bounce to resistance at 75.3170.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINRShort term BEARISH trend 🐻, and
74.58 level is deciding factor for next trend.
Trade according to the levels. These targets works best for monthly positional traders, not for day or weekly traders (options traders).
