USDINRUSDINR we can take entry now 82.35 SPOT and todays HIGH should be our STOPLOSS and down arrow should be our target.
USDINR trade ideas
USDINR about to breakout.If we get a weekly close above 83, it would be a breakout of an ascending triangle pattern. One could expect a rally after a successful breakout. Also important to watch if weekly RSI closes above 60.
Daily market analysis for tomorrow 5th july.Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques.
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only.
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USDINR Bullish on 1h timeframe Firstly it formed the bullish divergence with a Inverse Head and Shoulder. It is looking for a reversal and you can put your Buy Stop a bit above the neckline and let the trade go
USDINR-Weekly Outlook-Venkat's BlogPast week saw a steady decline from 82.47 to 81.85. As observed in the previous blog the declines are used as opportunity to hedge the Imports. A close below 82.00 favors further lower levels. The currency pair is at a crucial support. It appears that the pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 81.95 and 82.70. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 81.70-83.10 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 81.70.
A few more observations:
The raising upward channel indicate the broader range of 77.10-83.30
Neither the moves in Dollar Index-DXY nor the equity have direct correlation
As noted in the previous blog, continue to keep the following input for quick reference.
The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
This range is continuing to be protected
Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair.
A deeper correction is long overdue.
May shock the exporters with swift down move
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
USDINR next moveas of my TA, it is most likely to break trend support, then the rest is on major support, if it gets supported then I need to post another idea if not then it will get support in the lower red Major support, and it will be most chances it will stay there until or unless, there is any major change in international economics if the change happened at the international level, there will more major supports, and don't forget Major green trend support it is not easy to break but if brock and hard close in 1month TF, then we can see a great down move
USDINRHere is fruit of patience, first Take Profit point(Trend Support) have been touched well, I believe you have booked profit, now you can lower down your SL(stop loss) Point, at 82.68, below our Short level,
wait for 81.36, to book big profit!..
USDINR-Weekly Outlook-Venkat's BlogPast week saw a narrow range of 82.40-82.69. As observed in the previous blog the declines are used as opportunity to hedge the Imports. Only a close below 82.00 favors further lower levels. It appears that the pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 81.95 and 82.70. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 81.70-83.10 will be protected. If appears that the same kind of yo-yo moves may continue till one more quarter if we do not see a close below 81.70.
A few more observations:
The raising upward channel indicate the broader range of 77.10-83.30
Neither the moves in Dollar Index-DXY nor the equity have direct correlation
As noted in the previous blog, continue to keep the following input for quick reference.
The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
This range is continuing to be protected
Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
USDINR-Weekly Outlook-Venkat's BlogPast week saw a decline from its peak of 82.78 towards 82.23. As observed in the previous blog the declines are used as opportunity to hedge the Imports. Only a close below 81.70 favors further lower levels. At least for the moment, it appears that the pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 81.70 and 82.70. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 81.80-83.10 will be protected. Deeper correction is long overdue
The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
• The raising upward channel indicate the broader range of 77.10-83.30
• The currency pair made one more attempt towards 83
• Neither the moves in Dollar Index-DXY nor the equity have direct correlation
• As noted in the previous blog, continue to keep the following input for quick reference.
o The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
o This range is continuing to be protected
o Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
Ascending triangle pattern in USD/INR This is usually a bullish pattern but my senses are telling that this could give a breakout downside. Wait for breakout on trend line downside and play
Ascending Triangle Alert on USDINR.A pattern has formed on the USDINR chart with a flat resistance top at around 83 and a rising trendline with gradually higher supports. It could be identified as an ascending triangle pattern.
A breakout in either direction could increase momentum and open up a range of about 3 rupees.
Keep watch.
USDINR-Weekly Outlook-Venkat's BlogPast week saw a gradual decline from its peak of 82.85. Now that the market would be happy to see 82.20 as safer level to hedge the Imports. Only a close below 81.70 favors further lower levels. At least for the moment, it appears that the pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 82.10 and 83.10. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 82.10-83.10 will be protected. Deeper correction is long overdue
The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
• Neither the moves in Dollar Index-DXY nor the equity have direct correlation
• The raising upward channel indicate the broader range of 77.10-83.30
• The currency pair seems to be trying to make one more attempt towards 83
• As noted in the previous blog, continue to keep the following input for quick reference.
o The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
o This range is continuing to be protected
o Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
USDINR-Weekly Outlook-Venkat's BlogPast week saw a sharp spike towards 82.80. As noted in the previous blog the previous weekly candle shows signs of reversal and it proved to be right by the spike. Now that the market would be happy to see 82.20 as safer level to hedge the Imports. Only a close below 81.70 favors further lower levels. At least for the moment, it appears that the pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 82.10 and 83.10. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 82.10-83.10 will be protected.
The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
The raising upward channel indicate the broader range of 77.10-83.30
Neither the moves in Dollar Index-DXY nor the equity have direct correlation
The currency pair seems to be trying to make one more attempt towards 83
As noted in the previous blog, continue to keep the following input for quick reference.
The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
This range is continuing to be protected
Deeper correction is long overdue
Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
USDINR-Weekly Outlook-Venkat's BlogPast week saw a narrow range of 81.70-82.23. as an exception the last weekly candle shows signs of reversal. Only a close below 81.70 favors further lower levels. At least for the moment, it appears that the Pair seems to be in no mood to breach 81.70 on a closing basis. In such scenario we may expect a consolidation between 81.80 and 82.40. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 81.80-82.40 will be protected.
The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
• The raising upward channel indicate the broader range of 77.10-83.30
• Neither the moves in Dollar Index-DXY nor the equity have direct correlation
• The currency corrected after making multiple attempts to break 83
• As noted in the previous blog, continue to keep the following input for quick reference.
o The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
o This range is continuing to be protected
o Deeper correction is long overdue.
o The target for this move is 80.10 provided 81.70 is taken out on a closing basis
o Unlike in the past, the Imports (mainly the oil) are being hedged as and when there are lower prices in Oil and/or lower prices in the currency pair
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
U S Dollar / Indian Rupee There is a nagative diversion visible in the dollar chart, which is indicating that the chart may decline.
USDINR Triangle pattern on the 1D MA200. Trade the break-out.The USDINR pair is trading within a Triangle pattern with the 1D MA200 (orange trend-line) supporting on its bottom (Higher Lows trend-line). You can scalp inside the pattern for as long as it lasts (RSI also in a Triangle), but when a 1D candle closes outside the Triangle, trade the break-out's direction. Buy and target the 83.2900 Resistance in case of a bullish break-out, and the 80.500 Support in case of a bearish break-out.
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something is cooking now u have to be careful in nifty and bank nifty i missed this trade just had a look at it after buying pe in nifty to confirm my view and saw the move has already began usdinr and nifty moves in opposite direction i hope this is of some use i am not making any long position now
USDINR-Weekly Outlook-Venkat's Blog
Past week saw a narrow range of 81.66-81.94. Gradually the weekly candles are making lower highs. A close below 81.70 favors further lower levels. At least for the moment, it appears that the Pair seems to be in no mood to breach 81.60 on a closing basis. In such scenario we may expect a consolidation between 81.60 and 82.10. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. Market is expecting 81.60-81.70 will be protected.
The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
The raising upward channel indicate the broader range of 77.10-83.30
Neither the moves in Dollar Index-DXY nor the equity have direct correlation
The currency corrected after making multiple attempts to break 83
As noted in the previous blog, continue to keep the following input for quick reference.
The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
This range is continuing to be protected
Deeper correction is long overdue.
The target for this move is 80.10 provided 81.60 is taken out on a closing basis
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
USDINR-Weekly Outlook-Venkat's BlogPast week saw a narrow range of 81.60-82.09. The Monthly bearish candle could be one with the narrow range viz. 81.57-82.45. A close below 81.70 favors further lower levels. At least for the moment, it appears that the Pair seems to be in no mood to breach 81.60 on a closing basis. In such scenario we may expect a consolidation between 81.60 and 82.25. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target. This week is crucial for the pair to break or bounce The pair has a tendency to make surprise moves when most in the market do not expect.
A few more observations:
• Moves in Dollar Index-DXY does not have direct correlation
• The currency corrected after making multiple attempts to break 83
• The raising upward channel indicate the broader range of 77.10-83.30
• As noted in the previous blog, continue to keep the following input for quick reference.
o The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
o This range is continuing to be protected
o The target for this move is 80.60 provided 81.60 is taken out on a closing basis
USDINR - Short term View USDINR - Short term Sell with Stop $82.2534
Time frame - Four Hours
Observations :
1. Running in a wider channel range
2. Continuing Resistance support the short
3. comparatively very small Risk
4. good R:R
View will be valid till safe $82.2534
Options player can buy Monthly/Weekly $82.25 PE with Hedge$82.25 CE your positions can give good R:R
USDINR-Weekly Outlook-Venkat's BlogPast week saw a narrow range of 81.79-82.31. The Monthly candle shows a bearish candle. A close below 81.60 favors further lower levels. It was indeed a short lived gain past 82 after almost 2 months. At least for the moment, it appears that the Pair seems to be in no mood to breach 81.60 on a closing basis. In such scenario we may expect a consolidation between 81.70 and 82.60. There could be choppy moves within this range. A close outside this range requires re-assessment of risk/direction and target.
A few more observations:
The currency corrected after making multiple attempts to break 83
Moves in Dollar Index-DXY does not have exact correlation
The raising upward channel indicate the broader range of 77.10-83.30
As noted in the previous blog, continue to keep the following input for quick reference.
The 82.75-83.25(with error adjustments) zone is the Fib projection of July 2011 to July 2013. Hence, the importance. If breached, we may see another spike towards 85.70.
This range is continuing to be protected
This week is crucial for the pair to break or bounce The pair has a tendency to make surprise moves when most in the market do not expect.
The target for this move is 80.60 provided 81.60 is taken out on a closing basis
Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.
Thrust wave break out in USDINR80.5 is the final target to complete the flat correction after the terminal at 82.95
81.55 is a must looking at the internal structure of the thrust wave. Its a double zigzag
