US Dollar strong across the board on strong US Job Report. USDINR has witnessed persistent selling, despite the fact that prices are still contained within the established range since August of the previous year. The emergence of bearish price action in the recent period cannot be overlooked. The anticipated trading range for USDINR is projected… Read More »
USD INR lacks a distinct directional bias, making it more favourable for intra-day scalpers and jobbers. Short straddle and short strangle trades continue to be popular strategies, though caution is advised. Traders should maintain appropriate stop losses and opt for smaller position sizes to mitigate potential risks. The anticipated trading range for USDINR is projected… Read More »
USD INR lacks a distinct directional bias, making it more favourable for intra-day scalpers and jobbers. Short straddle and short strangle trades continue to be popular strategies, though caution is advised. Traders should maintain appropriate stop losses and opt for smaller position sizes to mitigate potential risks. The anticipated trading range for USDINR is projected… Read More »
USDINR has changed gear. From making higher high and higher low, which denoted an uptrend, it has been forming lower lows and lower highs. This is a sign of a downtrend. We are yet to get momentum on the downside possibly due to RBI intervention. But once the momentum arrives, then we could see some… Read More »
The USDINR market has remained in a persistent stalemate since August of the previous year, with a tight trading range between 82.80 and 83.40. This range is primarily concentrated within the 83.00 to 83.35 levels, lasting over five months with fluctuations of less than half a rupee. Such a stable period may inadvertently lead hedgers… Read More »
With the year-end approaching, we anticipate a quiet trading period, likely maintaining a range between 83.00/83.10 and 83.35/40 levels on the spot. USD INR GANN Chart USD INR back to gann angle support zone. USD INR Supply Demand Zone India Rupee Supply Demand Chart : Demand in range of 82.75-82.80, Supply in range… Read More »
USDINR made the biggest intra day move since 13th March 2023 back to important support of 83 USD INR GANN Chart USD INR back to gann angle support zone. USD INR Supply Demand Zone India Rupee Supply Demand Chart : Demand in range of 82.75-82.80, Supply in range of 83.15-83.25 USD INR Harmonic Price… Read More »
As US Dollar is coming back to life and major equity indices drifting lower, upside pressure will build on USDINR. It just 3 paise away from fresh all time high. How long can the invisible hand hold the rate here. When US Dollar had fallen, over the past couple of days, USDINR failed to move… Read More »
Friday, post US jobs and ISM services, there has been a major Bearish reversal on the US Dollar against important currencies globally. Major equity indices have done a bullish reversal. All in all, if there is follow through buying next week in assets and selling in the US Dollar, then we could see USDINR try… Read More »
If the prevailing risk-on sentiment persists, it could lead to some selling in USDINR, possibly pushing it toward the lower end of its established range. As such, we consider it a prudent strategy to be buyers on any potential declines, particularly near the 83.10 level on the spot market, and set a stop order below… Read More »