USDINR Price expected to rise from hereUSDINR pair is range-bound since 1 year and before a major move price expected to touche the resistance around 71.800 mark
Usdinrlong
USDINR LONG Longer term chart also indicates Long , just like short term chart.
Looking like a good setup. Wait for current triangle being formed to be broken.
Weekly Chart of USDINROn Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
USD/INR moves up against the downtrendThe main trend is a downtrend; however, it does not mean we cannot take a little profit in a downtrend. As it is against the steam, we put our stop tight here.
Entry: 70.5
Stop: 70.2
Final target: 71.22
Have a good week. Follow to hear more.
USDINR neutral (Options Nov end expiry)Long term support at 70.40
Descending triangle being formed
Price touching the top of the triangle
If it breaks then go long or it can come back to 70.40 again
USDINR TGT 72.20SEEMS USDINR Targetting 72.5 and more.........
if Closes Below 71.2 Reverses
Strict SL 70.30
Be Carefull Have a Watch on RSI also..
USD/INR: Buy & Sell Full Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
USDINR completing four year long Cup with HandleVery interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level
USDINR Good Opportunity to shortUSDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413
