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U.S. Dollar / Indian Rupee

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USDINR trade ideas

USDINR - 24Jan2022USDINR - 24Jan2022 On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure. On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we could expect it to trigger inverse h&s for higher prices. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDINR - 19Jan2022USDINR - 19Jan2022 On the daily, price bounced and close back above the 20EMA and 200MA. With such bullish momentum, we could expect it to bounce higher to 1st Resistance at 74.780 today. On the H4, price has consolidated and ready to push up higher to 1st Resistance at 74.770. With Stochastic at resistance, it might just consolidate sideways and wait for stochastic to oscillate back down. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
1
USDINR - 17Jan2022USDINR - 17Jan2022 On the weekly, price dropped to 50MA before bouncing back. On the daily, it is bouncing back to retest the 200MA where it is expected to face bearish pressure around 74.400 On the H1, price played out the triangle pattern perfectly to 74.2250. On the H4, with the consolidating taking place, there could be a possibility of bouncing up to daily resistance at 74.40 before facing bearish pressure. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
USDINR - 12Jan2022USDINR - 12Jan2022 On the daily, price is coming into long-term ascending trendline support. We could expect price to find a short-term bounce from 1st Support at 73.58. On the H4 timeframe, price continued to drop lower. However it is coming into daily support. As Stochastic is also at support, we may see price to have a quick drop to 1st Support at 73.50 before bouncing back to 1st Resistance at 74.225. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS