It has put pressure on USDINRWe could expect the sudden big fall in this pair.
Aksa air deal might holding off this pair upward and RBI to keep volatility low. When it breaks god it will break like a storm.
INRUSD trade ideas
USDINR - Making small flag pattern on daily time frameUSDINR is making small flag pattern on daily timeframe, if it breaks on upward side in a day or two next target will be 77.9 and then 78.2. Trade on higher side with strict SL of 77.1
Double TOP in USDINR It's has broken the support level, with astonishing double top pattern. I am positive on this pair will move downwards for few trading sessions.
USD / INR Forex BreakoutThis Currency Pair has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Short term bullish on USDINR (Buy and Target Price)Short term bullish on USDINR (Buy and Target Price)
Buy at 77 for the target of 77.6
USDINR - 26Apr2022USDINR - 26Apr2022
On the daily, USDINR tested the 78.6% Fib retracement at around 76.758 yesterday.
On the H4, price have pull back from the 1st Resistance after Stochastic has pulled back from Stochastic. If price can closes above this level, we could expect it to retest previous highs at 77.055.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDINR - 19Apr2022USDINR - 19Apr2022
On the daily, price is bouncing higher after a triangle breakout with upside target to around 78.200, Before that could take place it has to close above 78.6% Fib retracement at around 76.758.
On the H4, price faced bearish pressure from the 1st Resistance at 76.4250 yesterday. H4 is still playing out its previous h&s pattern. If price actions close above right shoulder highs at around 76.60, we can invalidate the H4 h&s and expect upside to the daily triangle target.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
LONG USDINRUSDINR consolidating in 2 hr time frame . Will move upwards crossing 76 on Monday
This is only for educational purpose and not to be treated as trade advise
USDINR - 07Apr2022USDINR - 07Apr2022
On the H4, USDINR bounced back strongly to the descending trendline + Fib resistance. With RSI also coming into resistance, we could expect USDINR to have a pullback to at least 1st Support at 75.6500.
This is for personal work record purposes only, not financial advise or solicitation of trade.
USDINR - 06Apr2022USDINR - 06Apr2022
On the weekly, USDINR dropped back to 20EMA support. On the daily, price is also at Fib confluence support with a doji candle closed yesterday. We could expect a short-term bounce today.
On the H4, USDINR continued its h&s downside target to 74.35. However, price is currently at daily and Fib confluence support. It could have a short-term bounce first before going lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 31Mar2022USDINR - 31Mar2022
On the H4, there could potentially be a h&s in play with downside target of 74.35. If the price were to bounce back to 1st Resistance at 76.19, it could potentially face bearish pressure to push the price down to 74.35.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 23Mar2022USDINR - 23Mar2022
On the H4, market structure for recent price action have changed to lower highs and lower lows. Price faced rejection yesterday at the 50% Fib resistance at 76.45. As long as price action is kept below 76.70, we could expect USDINR to drop lower to 200MA at around 75.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/INR longDespite srabotnanny SL in the last idea, I consider that height of vapors of USD/INR will proceed. Now the price reached the trend line on the week chart from which the price many times made a start. I set as the purpose on this idea a price maximum.
TP = 76.97
Information provided is only educational and should not be used to take action in the market.
USDINR - 14Mar2022USDINR - 14Mar2022
On the weekly, price close as a spinning top candle last week above the minor bullish channel. On the larger timeframe, USDINR has room for further upside.
On the H4, price is bouncing back to retest previous highs at 77.16 after a strong bounce back last Friday.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 11Mar2022USDINR - 11Mar2022
On the daily, the price gapped lower and bounced yesterday. But the price is still close lower than the previous day's candle.
On the H4, price bounced from 50MA support at 76.08. As price closed lower on the daily, we could expect USDINR to pullback further to daily / H4 Support at 75.75
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 10Mar2022USDINR - 10Mar2022
On the H4, price is now at 50MA support at 76.08. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 76.6050.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Mar2022USDINR - 08Mar2022
On the daily, price has gapped up above the upper channel to 1st Resistance at 77.1605. With Stochastic at resistance, we could expect short-term pullback.
On the H4, gapped up to 1st Resistance at 77.150 which is also 127.2% Fib resistance. With Stochastic at resistance, we could expect price to pullback to 1st Support at 76.28.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Mar2022USDINR - 07Mar2022
On the weekly, price is surging up to its upper trendline resistance. We could expect it to reach its weekly resistance at 76.57 next week.
On the H4, price surged above the minor parallel channel and faced bearish pressure around previous highs at 76.42. With Stochastic at resistance, we could expect USDINR to pull back to 23.6% Fib support at 75.930.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR Technical AnalysisFX_IDC:USDINR could form Deep Crab harmonic pattern if the price would cross point B (75.026) level. The PRZ (price reversal zone) would be around point D (77.33). One can ride the trend till D once It breaks B level or One can play the reversal once it reaches D.
USDINR - 04Mar2022USDINR - 04Mar2022
On the daily, price is at resistance around 76.00.
On the H4, price closed above previous resistance at 75.88. As Stochastic still have room for further upside, we could expect price to bounce higher to 1st Resistance at 76.210. This level is expected to be the max upside for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Mar2022USDINR - 03Mar2022
On the daily, price is facing bearish pressure at the resistance area at 75.895.
On the H4, price gapped up and bounced higher but now it has pulled back to 23.6% Fib support. Price is expected to bounce higher but if it could also potentially pull back to gap fill 1st Support at 75.315 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 02Mar2022USDINR - 02Mar2022
On the monthly, having Feb22 candle close above Jan22 we could expect USDINR to bounce higher in Mar22 to its upside trendline in the parallel channel.
On the H4, price have once again closed above the trendline convincingly which could push it up further to the 2nd Resistance at 76.2100.
This is for personal record purposes only, not financial advise or solicitation of trade.
