USDINR - 14Jan2022USDINR - 14Jan2022
On the H1, there is a small triangle breakout with upside target to H4 1st Resistance at 74.2250. As long as price does not close back below the triangle descending trendline, we can expect the target to be achieved.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR trade ideas
USDINR - 13Jan2022USDINR - 13Jan2022
On the H4 timeframe, price tried to bounce before dropping back to previous lows around 73.75. As the bounce was not convincing enough, we could expect USDINR might go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
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.
USDINR - 10Jan2022USDINR - 10Jan2022
On the daily/weekly, price was not able to get a proper bounce from the 74.26 important support. As a result, we could anticipate price to go much lower.
On the H4 timeframe, price opened lower below the 74.26 area. If the price close below 74.26, we could expect the price to drop lower to 1st Support at 74.00.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Jan2022USDINR - 07Jan2022
On the H4 timeframe, price bounced back from crucial level of 74.2650. As long as price holds above this level, we could expect it to bounce back to 1st Resistance at 74.7530.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 06Jan2022USDINR - 06Jan2022
On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 06Jan2022USDINR - 06Jan2022
On the H4 timeframe, price dropped lower to previous lows. 74.10 remains a crucial level to monitor, if H4 price close below this level we could expect price to continue dropping to 1st Support at 74.00. Also noting that H1 inverse h&s is still intact and have not close below the neckline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/INR, growth will be continuedHi everyone! In the idea of November 22 I predicted growth to purpose 77.42. As a result the price rose from 74 to 76 and now is in correction. Apparently from my schedule, the price reached level 0.382 according to Fibonacci. Therefore I expect that in the nearest future growth will be continued to purpose 77.42 which is earlier designated by me.
Information provided is only educational and should not be used to take action in the market.
USDINR - 05Jan2022USDINR - 05Jan2022
On the H4 timeframe, price bounced higher from the h&s target. Due to H1 price action, we could expect USDINR to continue upside to 1st Resistance at 74.8705 which is also the inverse h&s target.
Thereafter we could expect USDINR to come down lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 04Jan2022USDINR - 04Jan2022
On the H4 timeframe, price is currently at h&s downside target of 74.265. As long as this level holds, we could expect price to bounce back to 1st Resistance at 74.7530.
It is also worth noting that there could be an inverse h&s forming on H1 with the price target of ~75.85.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Jan2022USDINR - 03Jan2022
On the daily, price bounced from 200MA support at 74.130.
On the H4 timeframe, price bounced from h&s downside target of 74.265. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 74.753.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 30Dec2021USDINR - 30Dec2021
On the daily, price have confirmed below 50MA and breakout trendline. Need to wait and see whether it confirm below on the weekly timeframe.
On the H4 timeframe, price broke down from the important support level at 75.00 area. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.00 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 29Dec2021USDINR - 29Dec2021
On the H4 timeframe, price is currently at daily/weekly support level. But it broke down from the important support level at 75.00 area yesterday. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.022 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 27Dec2021USDINR - 27Dec2021
On the weekly, price has pulled back to previous breakout level where it is expected to act as a major support at 74.8440. It is also at daily 50MA.
On the H4 timeframe, price dropped to 200MA 1st Support at 74.9360 which is also a daily support. We could expect a short-term bounce to resistance at 75.3170.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 24Dec2021USDINR - 24Dec2021
On the H4 timeframe, price dropped to 200MA. It is also the previous breakout trendline. With Stochastic at support level + previous supply and demand zone, we could expect the price to bounce to 1st Support at 75.3550.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 22Dec2021USDINR - 22Dec2021
On the daily, price is on 1st Support at 75.32 we could expect a short term bounce from here.
On the H4 timeframe, price dropped to 1st Support at 75.32.
Market structure have also changed to lower highs and lower lows. Since price is at daily support, we could expect a short-term bounce from here.
This is for personal record purposes only, not financial advise or solicitation of trade.