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U.S. Dollar / Indian Rupee

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USDINR trade ideas

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 MorMedia
USDINR Sell opportunity to the 1D MA50The USDINR pair made a direct hit on our 82.700 Target, which we set on our last analysis (January 10, see chart below): Right now we see the price pulling back within a Channel Down. This is a standard pattern within the long-term Rising Wedge pattern, which as you see out of 7 Bearish Legs all broke below the 1D MA50 (blue trend-line) and only 1 managed to make just a hit-and-rebound. As a result we are going for a moderate sell Target at 83.100 and then we will reverse to buying, targeting Resistance 1 at 83.700. ------------------------------------------------------------------------------- ** 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
USD/INR sale nowHi everyone! USD/INR pair long was in one range, thereby a narisova a triangle. Now the price drew already 2/3 triangles. Therefore it is possible to expect it breakdown in the nearest future. I expect breakdown of a triangle down. Now the price is close to the upper bound of a triangle therefore the entrance to the transaction is safe. Stop loss can be delivered above a triangle, that is on breakdown up. I consider that the price as a result all the same will achieve the designated objectives (even at breakdown up and leaving up to 88). Technical indicators nap week and monthly schedules showed a turn long ago. So, I sold at the current price 82.53 with the purposes: TP1 = 80.91 TP2 = 79.05 Information provided is only educational and should not be used to take action in the market.
Short
by Yuriy_Kuznetsov
2