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INDIAN RUPEE / U.S. DOLLAR

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INRUSD trade ideas

USDINR Stuck in a Triangle. Trade the break-out.The USDINR pair is trading inside a 1.5 month Triangle (blue), following the upward break-out of the 1 year Ascending Triangle. The 1D MA50 (blue trend-line) has been supporting for 2 months and as long as it holds, buy when the price breaks above Resistance 1 (83.4200). The target can be 84.500, representing a +2.13% leg extension on a potential emerging Channel Up. If the 1D MA50 breaks, we will sell instead and target the 1D MA200 (orange trend-line) at 82.4500, which is marginally above Support 2. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
What's the next move ?The CMP(current market price) is at weekly resistance zone. Below scenarios can happen: 1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small. 2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle breakout. The target for the weekly breakout will be 86.7317. This target will take time to reach. Best advisable to add 1 or 2 lots in far out of the expiry(like 3 or 6 months far expiry after the breakout)
by the_paradox
$USDINR Breakout Daily ChartFX_IDC:USDINR Breakout Daily Chart watch closely for a test of the horizontal line. The USD/INR exchange rate is important to the U.S. stock market because it affects the cost of investing in Indian stocks for U.S. investors. When the USD/INR exchange rate is high, it means that it costs more U.S. dollars to buy a given amount of Indian rupees. This makes Indian stocks more expensive for U.S. investors, which can lead to a decline in demand for these stocks. Conversely, when the USD/INR exchange rate is low, it means that it costs less U.S. dollars to buy a given amount of Indian rupees. This makes Indian stocks cheaper for U.S. investors, which can lead to an increase in demand for these stocks. In addition to the cost of investing, the USD/INR exchange rate can also affect the profitability of U.S. companies that do business in India. When the USD/INR exchange rate is high, it means that U.S. companies that export goods and services to India earn more rupees per dollar. This can boost their profits. Conversely, when the USD/INR exchange rate is low, it means that U.S. companies that export goods and services to India earn fewer rupees per dollar. This can hurt their profits. Overall, the USD/INR exchange rate is an important factor that can affect the U.S. stock market in a number of ways. It is important for U.S. investors to monitor this exchange rate and factor it into their investment decisions. Here are some specific examples of how the USD/INR exchange rate can affect the U.S. stock market: If the USD/INR exchange rate rises sharply, it could lead to a decline in demand for Indian stocks by U.S. investors. This could cause the prices of Indian stocks to fall. If the USD/INR exchange rate falls sharply, it could lead to an increase in demand for Indian stocks by U.S. investors. This could cause the prices of Indian stocks to rise. If the USD/INR exchange rate remains high for an extended period of time, it could hurt the profitability of U.S. companies that do business in India. This could lead to lower stock prices for these companies. If the USD/INR exchange rate remains low for an extended period of time, it could boost the profitability of U.S. companies that do business in India. This could lead to higher stock prices for these companies.
by AlgoTradeAlert
USDINR breaks higher after Indian inflation jumpIndian appeared to have been having success in driving down inflation of late, with CPI falling back from over 7% to 4.8% in the past year. However, the 7.4% retail inflation rate announced today provides a dramatic shift to the landscape, marking the highest rate in 15-years. That has been largely attributed to food prices, which is so heavily weighted that it accounts for nearly half of the overall CPI figure. With that in mind, the whopping 11.51% food inflation rate seen in June managed to drive a similar surge in the headline figure. For markets, this has seen the rupee weaken, with USDINR rising up towards resistance at 83.28. Coming off the back of a prolonged period of consolidation, it looks likely that we are set for a potential upside breakout. With that in mind, a move through 83.28 resistance would signal a possible impending surge for the pair. To the downside a move below 83.60 would be required to negate that bullish view.
Long
by ScopeMarkets
INDIAN RUPEE VS US DOLLAR The Indian rupee has been battling and facing turmoil against the dollar since more than two decades now.Despite the changing monetary rules and policies, the Indian currency has been facing a downfall when compared to the dollars. The current rupee value against US dollar changes every day, due to various reasons that affect Indian rupee. Global economic slowdown Crude oil price FII inflow in Markets gone down / Rise in interest rates in US Trade deficit
Long
by madhu2811