USDINR at significant OverHead ResistanceUSDINR is currently facing major resistance from all time highs. A breakout above these would validate long entriesLongby MohitMarwahaUpdated 2
USDINR aiming for 78!USDINR LOOKS LIKE BREAKING THE TRIANGLE. A SUPER FAST LAST LEG to 78 IS EXPECTED.Longby Cereal_Killer114
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.Longby yash_utmani4
Monthly Chart of USDINRMonthly Chart of USDINR: As seen from the Monthly Chart of USDINR, the currency is trading in the Rising Channel pattern since 2013 to till date. In the month of April-2020 the currency has hit the Upper part of Channel around the levels of 76.50-77.00 and retraced. The currency has formed a Shooting star Candlestick pattern around the resistance levels on Monthly chart. If this pattern is to hold then we may see appreciation in the Currency. 1st Support lies around the levels of 74.00-74.50 and if it is broken then 2nd support lies around the levels of 72.00-72.50. Resistance lies around the levels of 76.50-77.00 For educational purposeShortby OPTIONS-QUANT115
ridethepig | India Closing the ChapterIn this positional chart, the INR is entering back into the game, whilst USD is nearer the end and thus already well-developed. That is decisive. So the more distant EM currencies like INR actually will act as a trump card and assist in diverting flows from the king, but like all trumps we must use them sparingly: do not jump the gun is the rule. The diverting exchange of Covid flows was simply the prelude to the king (USD) marching home, which will follow in the coming weeks/months. Indian Equities were denied the advance as anticipated, the trip towards the lows was somewhat time-consuming and the travelling companion INR was too dilatory....As the currency devalued as did local stocks... In any case, the correct procedure is getting our companion (INR) and using it as a weapon to wield influence and thank holders for their loyalty. We should make good use of the cheap currency and the move that now follows by looking to sell the highs in USDINR for a move not too late after. The trip we are planning for should be carefully prepared before pulling the trigger, if possible make use of any overshoots in USD (remember we still have the 1.05/1.06 unlocked in EURUSD for reference on G10). All that before playing the diversionary swing! Softer oil will help Indian significantly as the deprecation pressure on INR was starting to crack through the economic defence. India will need an appetising fiscal policy and less reluctance from the CB to intervene. These are starting to enter into play and can be a major game changer for India in the coming months. Shortby ridethepig36
#USDINR - Short Term Rally #IndiaIn the short term, the Indian rupee should ease against the US dollar and bring about a 10% increase in value. Greetings Stefan BodeShortby StefanBode12
USD/INR Short Currently even after repeated policies by RBI, they have failed miserably in saving rupee for falling. rupee @78 is evident in coming weeks, but in short term in daily charts the uptrend trendline is broken a little more push beyond 76.365 INR can be pushed towards 76.000. More ever even on weekly charts price action has slowed down and a bearish pin bar is formed at a high of 77.00 again suggesting a bearish setup. last but no the least follow price action and recent support resistance levels. - USD/INR -23-04-2020. Shortby Priyansh_Parmar5
USD/INR - Rupee getting StrongerAs the price action forming a bearish RSI divergence and simtanously breakout down from a consolidating pattern, indicating further weakness in Dollar and strengthening of Rupee. T1- 75 SL-77.5Shortby NeeteshJainUpdated 9
How far will the #USDINR go?Being an NRI, you always keep an eye on this one single currency rate → OANDA:USDINR Based on an interest rate parity level, the Indian Rupee should be around 80-84 range. Still a long way to go...Longby bayfolio5
USDINR - CAN WE SEE A 8% FALL IN NEXT 10 DAYSUSDINR - GO SHORT @ 76.71 WITH A SL OF 77.91 AND A TARGET OF 71.52. TARGET SHOULD BE ACHIEVED BY MID-APRIL 2020Shortby anshusahay5
USDINR Trade : Bearish on technical chart !Watch out for support level 1 and 2 in near term wezeste.wordpress.comShortby ManishYdv3
USDINR : 13/02/2020No changes since yesterday ...Held the Support @ 71.20 and bounced from there and we are pretty much at where we were yesterday ... 71.12 - 71.17 remains the Support and given the not so pleasant CPI and IIP data USD INR should depreciate Resistance @ 71.35 - 71.40 Resistance 2@ 71.50 - 71.55 Posts are not recommendations!by rockingmiles2
Sideways Market, Sell at higher levelAs the longer timeframe is in downtrend sell at higher price and book profit at low price.Shortby Myself_Pritam5
USDINR : 12/02/2020Held the Support @ 71.18 and bounced from there and we are pretty much at where we were yesterday ... 71.12 - 71.17 remains Support till we get a fresh trigger in the domestic or global economy and 71.35 - 71.40 is the first Resistance. Posts are not recomendations!by rockingmiles3
Breakout above 72.25 and now bouncing off the breakout zoneBreakout above 72.25 and now bouncing off the breakout zone to reach 70.5 to 70.75 area before the budget announcement. Then the break above 72 or retracing back to 70.5 zone. Longby Investohunk6
Time to go long!!!Its time to go ling since the level has reached to VAL i.e. 70.70 by considering the market profile from Aug to Oct till date. No issues, even if this has broken the POC support. But now VAL is the major and strong support. Yes, time to go long.Longby kumar29navin29442
Time to keep sharp eye and add the positionsSince, USDINR is taking full strong support at 70.90 levels. Hence, one could go long once price reaches at this levels with the strict stop loss 70.60 Longby kumar29sunil291
USDINR Daily Chart: An ending diagonal coming home?USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09 A move above 72.30 invalidates the pattern. Wave count in Nifty too supports short term weakness.Shortby yash_utmani3