USDINRbroke the previous supports on 4 hr timeframe
wait for retest and once breaks below again can short as shown by arrows
this is only my view and not recommendation
INRUSD trade ideas
USDINR - 23Dec2021USDINR - 23Dec2021
On the H4 timeframe, price dropped back to 1st Support at 75.32 which is also a daily support. We could expect a short-term bounce to resistance at 75.6370.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/INR LongUSD INR currency pair is at support price ,if showing any positive momentum then one can buy for Swing trade
USDINR - 22Dec2021USDINR - 22Dec2021
On the daily, price is on 1st Support at 75.32 we could expect a short term bounce from here.
On the H4 timeframe, price dropped to 1st Support at 75.32.
Market structure have also changed to lower highs and lower lows. Since price is at daily support, we could expect a short-term bounce from here.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 21Dec2021USDINR - 21Dec2021
On the H4 timeframe, price is at support around 75.70. We could expect a short-term bounce from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 20Dec2021USDINR - 20Dec2021
On the weekly, price faced bearish pressure from 1st Resistance at 76.40 as expected. We could expect the price to pull back to at least 75.83. It is also worth noting that USDINR is currently moving inversely of DXY. If DXY strengthens, USDINR drops.
On the H4 timeframe, price is coming into support area at 75.8665. We could expect a short-term bounce from this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Dec2021USDINR - 17Dec2021
On the H4 timeframe, price faced bearish pressure from 76.41 zone. With Stochastic still at resistance area, we could expect price to face more bearish pressure and pull back to 1st Support at 75.8665.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 16Dec2021USDINR - 16Dec2021
On the H4 timeframe, price have bounced to 1st Resistance at 76.41. With Stochastic also at resistance, we could expect price to face some bearish pressure and pull back to 1st Support at 75.8665 at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINRHello and a warm welcome to this analysis on USDINR - FED meet coming up later tonight.
It is currently trading at the upper end of a diagonal channel. It has a Bearish Three Drives Harmonic Pattern coming up with a PRZ near 76.75. Expecting it to cool down from there and likely retest the lower end of the channel around 75.25. The view negates above 77
USDINR - 15Dec2021USDINR - 15Dec2021
On the H4 timeframe, price have finally bounced to 1st Resistance area around 76.156. With Stochastic also at resistance, we could expect price to face some bearish pressure to 1st Support at 75.562 at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/INR long, 22 of novemberHi 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 in the karsny color strong support and the price is directly naety level now.
Bought on 74.33
TP = 77.42
SL = 73.829
Information provided is only educational and should not be used to take action in the market.
USD INR breaking out from weekly time frameUSD INR breaking out from weekly time frame
same time breaking triangle pattern
also RSI is going above 50
NIFTY may react and slip down keep our long
USDINR - 13Dec2021USDINR - 13Dec2021
On the weekly, price is above 61.8% Fib retracement and descending trendline. We could easily expect it to bounce up to 78.6% 1st Resistance at 76.1565.
On the H4 timeframe, prices continue to bounce above previous highs. We could expect it to bounce higher to daily resistance at 76.1565.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - short term bullish setupFX_IDC:USDINR is forming a bat harmonic PRZ pattern. It just broke above point B level and activated the pattern. PRZ(Price Reversal Zone) level would be at 88.6% retracement of XA which is 95.4597.
USDINR - 10Dec2021USDINR - 10Dec2021
On the H4 timeframe, price have tested previous highs at 75.7085 overnight. We will just maintain neutral today to see whether USDINR could break out higher today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 09Dec2021USDINR - 09Dec2021
On the H4 timeframe, prices faced bearish pressure around the 75.60 area. With Stochastic at resistance level where previous drops occurred, we could expect USDINR to pull back to 1st Support at 75.16 before a bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Dec2021USDINR - 08Dec2021
On the H4 timeframe, prices are consolidating near the highs, we could expect it to continue bouncing higher to 1st Resistance at 75.665.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Dec2021USDINR - 07Dec2021
On the daily, there was a follow through candle yesterday. We could expect price to bounce higher to retest previous highs at 75.665.
On the H4 timeframe, prices continue to bounce higher, we could expect it to bounce higher to 1st Resistance at 75.665.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR Technical ProjectionsPast 3 months USDINR is forming HIgher Lows indicating initial strength in the index, confirmation of strength and up move can be made once Higher high formation starts.
Any closing above 75.70 will trigger the up move here with Mid term Targets of 78.33, 80.42 and 81.66.
Long term Fibonacchi targets - 79.8, 84.4, 89.
Stop Loss is 73.35, if USDINR closes below SL all above views are negated.
USDINR - 06Dec2021USDINR - 06Dec2021
On the weekly, USDINR follow through to close above the previous candle as well as descending trendline. We could expect further upside for this pair in the near future.
On the H4 timeframe, prices are at small gap fill area. We could expect it to pull back to at least 1st Support at 74.9735 before further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Dec2021USDINR - 03Dec2021
On the H4 timeframe, price is still holding above the ascending trendline. Once it breaks below, we could expect it to drop to 1st Support at 74.7420.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 02Dec2021USDINR - 02Dec2021
On the daily, prices have broke above previous descending trendline and is now consolidating but it has not confirmed. We need to be cautious of the upside.
On the H4 timeframe, price bounced from the ascending trendline and is now above all MAs. But with the mixed signal from the daily, we need to be cautious from any upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 30Nov2021USDINR - 30Nov2021
On the daily, price failed to close above previous day candle as well as above the descending trendline.
On the H4 timeframe, prices made a W bottom and surge up higher. We need to be slight bullish bias on this pair but have to monitor how the price action will play out this week.
This is for personal record purposes only, not financial advise or solicitation of trade.
