USD/INR trading signalsAn ascending triangle formation on a 1h-4h time frame and can be used to either breakdown or breakdown from the trendline.
Disclaimer: used for educational purposes only
FX_IDC:USDINR
USDINR trade ideas
USDINR 75 CE 07 MAY 2021DATE: 29.4.21
Very high-risk trade
INSTRUMENT: USDINR
75.00 CE 07 MAY 21.
CMP.0525
BUY ABOVE: .0635
SL:.0400
TGT 01: .0705
TGT 02: .0878
TGT 03: .1050
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We are not SEBI registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
HEAD&SHOULDER PATTERN IN USDINR H&S pattern 15 min time frame will give a good workout lets see what happened.
USD/INR short: section fast transactionsHi everyone! On the week chart USD/INR pair moves in an upside channel towards its lower bound. And also now the price overcame the important trend line down and tested it from below. Now some indicators indicate continuation of the movement down. Therefore I expect price movement down at least to two following supports (my purposes).
Short on 73.3470
TP1 = 72.76
TP2 = 72.52
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
USD INR is under correction to a recent downtrendAfter a 5 wave move down, USDINR should now correct itself between 71.5 to 74.75
A triangle pattern is spotted and accordingly the trade setup is to short with targets as 72.2, 71.75 and 71.5 as possible reversal points to the upside
BEARISH CALL This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
USDINR breaking out of Pennant flag target 77 to 78USDINR breaking out of Pennant flag target 77 to 78 .. If 72.5 holds and it can be held as stop loss Who knows even 84 is possible.. Hope RBI steps else we will have run away Copper, Crude prices.. It is alarming...
ALL BROKEN: USDINRTHE PAIR HAS BROKEN ALL OF ITS MAJOR RESISTANCE LEVELS IN A SINGLE DAY, NOW HEADING TO 74.90+ ??
USD INR :: B/O of Trend LineUSDINR finally shown reversal trend and breached the trend line with a very strong candle, the next level on spot would be 74.55
Note: Analysis for educational purpose not an investment advice....
USDINR at key support reversal to happenOn monthly chart USDINR is at key support and has higher chance of reversing up to 75 in coming months. The support is from 20 Month moving average and trendline from 2012 low. hence for long term traders better be on the buy side as dollar is also seen strengthening in coming months.
USD/INR long: section fast transactionsBought on 72.56
TP1 = 72.79
TP2 = 73.07
SL = 72.24
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
USDINR forecastThis one is for my friends in finance sector in India. By the looks of the chart, INR is going to strengthen against USD and if the pair breaks 72.60, it opens the door for 72 and if it breaks 72 then to 70 / 68. On the timelines, it may reach 72 by June / July 2021 and then 70 possibly by end of 2021.
USDINR: Long positionEntry point: 72.85
Short term target: 73.35
Mid term target(1): 73.55
Mid term target(2): 73.95
S.L.: 72.8
USDINR_BULLS ARE COMING IN!A very interesting pattern is formed in USDINR. H&S and also a double bottom.
waiting for pair to provide additional information so as to enter in this trade.
Still pair looks bullish, as it respecting weekly TL.
Only to enter if it closes above last swing high or low.
Whether it is a double zigzag/motive wave it ends >72.2950The current corrective wave might be at wave 5 of motive wave A as shown below
OR
At wave C in Wave Y of a double zigzag as shown below
Whatever might be the count, it's end might be at 72.65 - 72.5
In either of the cases (whether wave C in Y or wave 5), if predicted correctly as an ending diagonal, this wave should end by 05 or 06 Feb/2021 but at not less than 72.2950. If the price crosses below 72.2950 then this wave count should be relooked.
Comments are welcome to answer whether this complete correction wave is a double zigzag or a motive wave A !!.
