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U.S. Dollar / Indian Rupee

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USDINR trade ideas

USDINR + LuxAlgo Sequencer + GAN SQ 9 + CANDLES The LuxAlgo Sequencer is a indicator that is able to highlight sequences of prices based on their relative position to past prices. The red counts reaching to no 9 with a small red arrow pointing down is marked with a line which is the Bearish Preparation Phase . It indicates chances of the prices reversal . It is possible that the price could still have moved up yet in this chart it did not . The long shadow that recorded the peak had also provided some clue of prices reversing. The Bearish Lead-Up line is the line where the bears come in control and the prices are expected to decline . In the same sequence we observe that the green counts have the reading of number 9 with green arrow pointing up . It may be a early indication of dollar gaining some strength. One needs to note that the counts are probablilistic. The GANN square of 9 provide a strong support line at 85.60 and a moderate resistance at 87.10 . The small green candle is the day in progress and so the closing price will provide the estimate of the direction in which the pair moves next.
by satyajbims
Indian market cannot go bullish until RUPEE becomes strong !a lot of analysts saying Dollar is going to week vs rupees but seeing technical chart, dollar is traded above 50 EMA and never come to touch since October. currently Dollar completed Symmetrical Pattern showing any upcoming momentum may happen, either bullish or bearish is just could say after seeing breakout/breakdown this pattern. To gain strength in Rupee it is required to give USDINR 50EMA breakdown or bearish crossover. Till then the rupee will remain weak and Indian stock market also.
by rahul25
USD is facing a Trendline resistance Vs INRUSD is facing a trendline resistance Vs Indian Rupee. Support zone currently for USD is near 87.06 followed by 86.82. Below this level we have the Mother line support for USD. This mother line support is at 86.55. If that is broken by the slide in USD 86.36 or 86.13 levels. Final support for USD will be at 85.65 before it hits Father line at 85.02. Resistances for USD are at 87.41, 87.55 and 87.76 before it can hit all recent high of 87.97. Shadow of the candle right now for USD is negative. Huge volatility in USD on either sides can be expected as Trump Tariff announcements continue for few months. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
by Happy_Candles_Investment
1
USDINR Best sell signal you can find.The USDINR pair has been rising parabolically since the late September 2024 bottom. This rise has however most likely come to an end as the 1W RSI hit the top of its 16-year Resistance Zone. This Zone has been holding since the October 2008 High and as you can see, it has offered 7 excellent sell signals. Most of those times, the rejection hit at least the 1W MA50 (blue trend-line), so if you are looking for a long-term short trade, you can consider this. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Dollar Vs INR: Dollar clearly Overbought as of now. Dollar Vs Rupee: Dollar is at 87. Major breakout from the zone but one interesting point to note is the RSI. Relative Strength Index is above 90. Near 91 in fact. These are unsustainably overbought levels. We will see a proper deep correction there sooner than later. Once the Dollar starts to correct, Nifty will not remain bearish. Anyone who understand RSI will tell you that Dollar is at unsustainable levels. India is the least effected compared to other currencies of emerging markets as well as developed nations. It is in the zone where sustaining itself that high will soon be impossible. That's why in the earlier message. I have written 1 to 4 weeks more pain for Indian markets. Much also depends on policy announcements of Trump as he takes power. Back Channel diplomacy to avert further damage to India Inc., Might have already started...keeping my fingers crossed. Unreal times ahead. Long Term Vision For India looks unharmed. The dust will start settling in the next few weeks. We can expect dust to settle fully by end of this quarter. After which Bull run can recommence in my opinion. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
by Happy_Candles_Investment
INRUSD - Indian Rupee Collapse UPDATEMy initial post on INRUSD was back on Sept 2022 more than 2 years ago. My update is more of the same going forward. INR will continue to collapse despite its nominal economic growth. When the economy is very small relative to its population, the growth rate doesn't matter as if a major economy like the US has similar growth. It's like comparing apples to oranges. But I certainly understand how people can be misled. That's why I am trying to explain it to you here today.
Short
by RealMacro
USDINR The 2-year Rising Wedge is holding.The USDINR pair continues to respect the Rising Wedge that we mentioned more than 2 months ago (July 24, see chart below), giving us both excellent buy and sell signals: This 2-year Rising Wedge pattern is approaching its top (Higher Highs trend-line) once more so we're preparing for a sell signal again. The confirmation to sell within this pattern is given when the 1W RSI breaks above its MA line (yellow trend-line). Our Target is 83.7500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDINR Bullish break-out signalThe USDINR pair broke this week above Resistance 1 (83.700), the long lasting level since the week of March 18 and following a strong rebound on the 1W MA50 (blue trend-line), the break-out should technically lead higher. The long-term pattern remains a Rising Wedge and we expect at least a symmetrical +1.29% Bullish Leg to price the Higher High, similar to the March High. Our Target is 84.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
India's inflation data in focus as Modi meets Putin As Indian Prime Minister Narendra Modi engages with Russian President Vladimir Putin in Moscow, the focus back home will shift to the latest inflation figures. India has faced significant pressure from Western nations to distance itself from Russia following the invasion of Ukraine. However, New Delhi has maintained its ties with Moscow. A key factor in this enduring relationship is energy cooperation, which has played a pivotal role in stabilizing fuel prices and, consequently, inflation in India. In May 2024, India's annual consumer inflation rate eased to 4.75%, down slightly from 4.83% in April. Projections for the upcoming data suggest a minor decrease to 4.70%. However, Reuters reports indicate a different trend. According to a poll of 54 economists, inflation in India likely edged up in June, breaking a five-month streak of declines. This increase is attributed to a surge in vegetable prices, driven by extreme weather conditions damaging crops. The poll forecasts inflation rising to 4.80% year-on-year in June, up from 4.75% in May. Food prices, which constitute around half of the overall Consumer Price Index (CPI) basket, are a significant factor in this anticipated rise. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. The USD/INR potentially maintains its bullish bias, staying above the key 100-day Exponential Moving Average (EMA) on the daily chart. Upside targets include 83.65, the upper boundary of its trading range. On the downside, the 100-day EMA at 83.40 serves as an initial support level for the pair.
by BlackBull_Markets
USDINR Bearish unless it breaks that Resistance.The USDINR pair has been trading within a long-term Rising Wedge pattern since the November 11 2022 Low. The 1W MA50 (red trend-line) has been supporting all the way and in fact has made contact with the price and held on 3 occasions, with the most recent being on June 03. We are currently bearish as the price remains within the Rising Wedge, targeting its bottom (Higher Lows trend-line) at 83.2150. If however the pair manages to close a 1D candle above Resistance 1 (83.7000), we will take the small loss and open a buy, targeting the Higher Highs at 84.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Indian Rupee Faces Headwinds But May Outperform in BondsThe Indian rupee is currently facing pressure due to a combination of factors: * **Weakening Chinese Yuan:** The decline in the Chinese yuan, a key regional currency, is putting downward pressure on the rupee. * **Potential Portfolio Outflows:** Upcoming elections in India are raising concerns about political stability, which could lead foreign investors to withdraw their money from the Indian stock market, further weakening the rupee. The Reserve Bank of India (RBI) is likely intervening to support the rupee, but the currency remains near its all-time low. **Opposition Viewpoint** Congress candidate Anand Sharma blames the current government's policies for the rupee's depreciation and the wider economic slowdown. **Brighter Spots for Rupee Bonds** Despite the short-term challenges, there are positive signs for rupee-denominated bonds: * **Stronger Macroeconomic Fundamentals:** India's improving economic fundamentals could make rupee bonds more attractive to foreign investors. * **Market Infrastructure Improvements:** Advancements in India's financial markets are making it easier for foreign investors to enter and exit the bond market. * **Central Bank Reserves:** The RBI's healthy foreign exchange reserves provide a buffer against external shocks. * **Inclusion in Global Indices:** The upcoming inclusion of Indian bonds in global indices like JP Morgan and Bloomberg is expected to attract significant foreign inflows. **Potential Outperformance vs. US Bonds** Analysts believe rupee bonds could outperform US bonds due to: * **Potentially Lower Rupee Yields:** Rupee bond yields might fall as US rates decline, making them more attractive to investors seeking higher returns. **Challenges Remain** The main risk to this optimistic outlook is a potential rise in global oil prices due to geopolitical tensions. **Overall** The Indian rupee is facing near-term headwinds, but the long-term outlook for rupee-denominated bonds appears promising. Stronger economic fundamentals, improved market infrastructure, and inclusion in global indices could attract foreign investments and lead to outperformance compared to US bonds. USD/INR Long (Buy) Enter At: 83.6198 T.P_1: 83.8357 T.P_2: 84.2813 T.P_3: 84.8017 T.P_4: 85.4276 T.P_5: 85.7789 T.P_6: 86.1611 T.P_7: 86.4859 T.P_8: 86.8564 T.P_9: 87.5423 T.P_10: 87.9545 T.P_11: 88.6104 T.P_12: 89.0118 T.P_13: 89.4886 T.P_14: 89.8233 T.P_15: 90.6218 T.P_16: 91.3954 S.L: 80.4441
Long
by signalmastermind