USDINR Trading ideasUsdinr buy above 74.24 after long time it's now in bullish mode it can go up to 78 strong support at 72.12 its following Long term trendline from 2018 also u can follow the trend and get on long term.
INRUSD trade ideas
USDINR Go LongRSI is almost at 20 with CMP below S1 and close to S2
Perfect opportunity to go Long!
*Disclaimer*
I'm not a certified advisor. This is just for Educational Purposes Only. Please do your own due diligence before Investing!
*Jan Hit Main Jaari *
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.
Indian Rupee - USDINR - Is it all over?I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from 1980 which acted as a support in 2011, 2018 and in 2020 is now broken.
After analysing the move 2008 until the all time highs, it seems that the top is place.
Another way to confirm is to look at the type of pattern that is forming when the prices fell from all time highs. On the looks of it, it seems the fall is in-line with the correct pattern and doesn't violates any rule or guidelines in place.
So if the analysis is correct, then what can be expected?
price should fall at least to Rs. 69.5 to Rs 71.xx levels to begin with. This fall should be sharp and fast.
Post that, there could be more bearish potential but it could be too early to call for it.
Finally if the prices falls below Rs. 68.32 on a closing basis, then it will be confirmed that the long term top is in place and price could put Rs.62.5
I will continue to track it and see how it performs over the next few weeks.
FX_IDC:USDINR
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 CALLStoploss fixed cant move it before reaching the targets so 3 targets here if any thing wrong put side will be selected to as reverse thanks
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 trading signalsAn ascending triangle formation on a 1h-4h time frame and can be used to either breakdown or breakdown from the trendline.
Disclaimer: used for educational purposes only
FX_IDC:USDINR
USDINR 75 CE 07 MAY 2021DATE: 29.4.21
Very high-risk trade
INSTRUMENT: USDINR
75.00 CE 07 MAY 21.
CMP.0525
BUY ABOVE: .0635
SL:.0400
TGT 01: .0705
TGT 02: .0878
TGT 03: .1050
RISK DISCLAIMER:
We are not SEBI registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
HEAD&SHOULDER PATTERN IN USDINR H&S pattern 15 min time frame will give a good workout lets see what happened.
USD/INR short: section fast transactionsHi everyone! On the week chart USD/INR pair moves in an upside channel towards its lower bound. And also now the price overcame the important trend line down and tested it from below. Now some indicators indicate continuation of the movement down. Therefore I expect price movement down at least to two following supports (my purposes).
Short on 73.3470
TP1 = 72.76
TP2 = 72.52
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 is under correction to a recent downtrendAfter a 5 wave move down, USDINR should now correct itself between 71.5 to 74.75
A triangle pattern is spotted and accordingly the trade setup is to short with targets as 72.2, 71.75 and 71.5 as possible reversal points to the upside
BEARISH CALL This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
USDINR breaking out of Pennant flag target 77 to 78USDINR breaking out of Pennant flag target 77 to 78 .. If 72.5 holds and it can be held as stop loss Who knows even 84 is possible.. Hope RBI steps else we will have run away Copper, Crude prices.. It is alarming...
