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INDIAN RUPEE / U.S. DOLLAR

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INRUSD trade ideas

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.
Long
by Yuriy_Kuznetsov
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
Long
by manuagarwal21
1
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.
Short
by Yuriy_Kuznetsov