USD/INR has anyone noticed the ascending triangle?seems like a bullish ascending triangle in play but i think can still go either way depending on US inflation and macro-economic factors incl future fed decisions. Thoughts? #INR
INRUSD trade ideas
USD/INRFX_IDC:USDINR price is currently overbought on RSI and Bollinger Bands along with at a major resistance area. I believe price will fall to the bottom of the triangle. It is breaks the resistance zone, I will be looking for a retest before it continues to rise.
A Bullish Ascending Rectangle Pattern In USDINR!The Rectangular Pattern in Wave IV suggests that the USDINR may rocket higher towards 86 before the end of the year. Because of the barrier rectangle pattern, the pattern is quite bullish.
Caution Note to Investors: USDINR Rise Ahead Recent market trends suggest the possibility of a potential rise in USD INR in the near future, accompanied by significant market fluctuations. It is important to note that the USD INR has been in a consolidation phase since October 2022, forming a flag pattern, which could indicate a prolonged movement ahead.
While there might be opportunities for going long in the market with limited risk and potential for profit-taking, investors should exercise caution. Market fluctuations can be unpredictable and could result in unexpected outcomes. It is advisable to carefully assess your investment decisions and consider waiting for pullbacks before considering a second entry.
Furthermore, it's important to recognize that market movements can be influenced by various factors, and speculating on their connection to upcoming elections is uncertain. Therefore, it's essential for investors to stay informed, seek expert advice, and diversify their portfolios to mitigate potential risks associated with the dynamic market conditions.
Ascending triangle pattern | Accumulation zoneHi traders,
Ascending triangle pattern in Weekly timeframe.
The current market is at Weekly support, if a 4H candle closes above 82.1400 can expect a bulls in the market.
The risk : reward ratio is 1:3 which is a good trade.
Fed meeting is on 26 July 2023, and expected to raise the interest rates by 0.25.
Hunting before FED interest ratesThe ascending triangle pattern in a weekly timeframe is still active, last 2 days(24 & 25 July 2023) was a SL hunting.
The FED news will impact the INR, making USDINR to be bullish.
Protective PUT strategy | Inverted H&S pattern4H time frame : Inverted H&S pattern, neckline has broke and the target is 82.8210. This is for a aggressive traders
D time frame : Daily candle has to close above the LH level 82.2025 for the conservative traders.
Weekly time frame : The Ascending triangle is still valid pattern.
Have explained the Protective PUT strategy for those with the lesser capital and fear of loosing capital. Beginners please hedge your position and trade.
USDINR rallies into major historical resistanceThe US dollar has been on the rise late, with equity market weakness translating into a upside for havens such as the greenback. For USDINR this has brought the currency pair back up into a major historical resistance level that could yet cause a significant breakout or reversal. The key line in the sand comes in the form of the prior swing-high at 82.79. A break up through that level would signal a potential resumption of the long-term bull market. However, until that level breaks, we are faced with the potential of a seventh peak within a consolidation phase that has lasted almost a year.
USDINR Weekly Flag and Pole www.tradingview.com
USDINR Weekly Flag and Pole
Upper Triangle Bullish Pattern
Going to take retracement from 50 EMA
wait till break out 25 Dec 2023
81.917 to 83.285 Range
USDINR Go ShortUSDINR is at the resistance zone, if manage to close below, we can see a potential downside.
This is purely a technical view. Any change in sentiments can affect the price adversely.
Please do like and subscribe. Any suggestions or advice is humbly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
USDINR Bullish Bias with Symmetrical triangleInstrument shows symmetrical triangle with high probability of bullish move till target area of 85. Would it go down, chances are slim? But who knows what MODI has in his mind :)
USDINR DAILY ANALYSIS BY SUPPORT RESISTANCEUSDINR daily analysis by support resistance
USDINR short below 81.6 stop loss above 83.8 target 80.0 and below
Daily market analysis for Monday 17th julyDaily 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.
#nifty #niftytrading #banknifty #usdinr #optionstrading #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #niftytomorrow #marketprediction #priceaction #usdinrprediction #niftytechnicalanalysis #tradingchartanalysis #nifty50prediction #usdinrtradingstrategytomorrow #openinterest
USDINRUSDINR we can take entry now 82.35 SPOT and todays HIGH should be our STOPLOSS and down arrow should be our target.
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.
#nifty #niftytrading #banknifty #usdinr #optionstrading #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #niftytomorrow #marketprediction #priceaction #usdinrprediction #niftytechnicalanalysis #tradingchartanalysis #nifty50prediction #usdinrtradingstrategytomorrow #openinterest
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
