Market Research Analysis: inr

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Tuesday, 3 November 2015

USDINR Analysis 03-Nov-2015

CMP 65.39
Supports: 64.66, 63.29. Base support: 61.25/58.34
Resistances: 66.87, Big Resistance: 68.73.

As you can see in the chart, USDINR is moving within the channel and it is making 3 wave moves. So, I expect this up move to be completed as Ending Diagonal.

Note: USDINR reversed from 78.6% level of previous down move. But, I am still going with ED move to completed this up move as Wave 5.

So, As long as USDINR supported by 64.66/63.29, I expect to see [66.87] first and further: 67.39, 68.02, 68.51, [68.73], [70.12], [71.39] and more.

READ DISCLAIMER ALWAYS BEFORE TAKING TRADE DECSION. ALL THE BEST.

Wednesday, 12 August 2015

USDINR Analysis Update - Analysis given on 01-Oct-2014

USDINR Analysis Update - Analysis given on 01-Oct-2014
http://freecommodityanalysis.blogspot.in/2014/10/usdinr-positional-view-01-oct-2014.html

Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.

Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish.

01-Oct-2015

12-Aug-2015

Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.
Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish. - See more at: http://freecommodityanalysis.blogspot.in/2014/10/usdinr-positional-view-01-oct-2014.html#sthash.qwPvPbDE.dpuf

Targets 62.25-62.30, 63.40-63.55, 64.50-64.75 HIT.

Saturday, 11 April 2015

USDINR Positional View 11-Apr-2015

Sunday, 19 October 2014

USDINR Positional View 19-Oct-2014

As per my analysis, I am still bullish and expecting, more upside minimum targetting 62.44, 62.90.

If USDINR supported by 60.49/60.17, upside targets are: 61.81 (done), 62.10, 62.44, 62.64, 62.92.

My positional targets are: 62.90, 63.90, 65.

Long term upside target: 68+++.

Wednesday, 1 October 2014

USDINR Positional View 01-OCT-2014

USDINR
Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.
Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish.

Note: Already broken res 61.73.

Support: 58.30.

Based on my wave count, I expect up move with base support at 58.34/60.17.
Upside targets: 62.45-62.60, 62.90-63.10, 63.75-63.90, 65-65.20, 66.20-66.50, 67-67.30.
Above 68.73 HIGHLY BULLISH.

Present Chart - As on 03-MAR-2015

Thursday, 31 July 2014

USDINR Analysis 31-July-2014

As per my analysis, I expect USDINR to move on the upside positionally.

Based on Daily Chart: 60.49(done made high 60.50), 60.99, 61.30, 61.81.

Based on Hourly Chart: 60.41 (done), 60.63, 60.77, 60.99.

WILL UPDATE WAVE 4 CORRECTION WAVE CHART LATER.

Sunday, 6 July 2014

USDINR Analysis 6-July-2014

Based on the Daily Chart, I expect down side correction in USDINR.
The retracement levels are: 59.98(done), 59.68(done), 59.42, 59.16, 58.97, 58.80, 58.34 (100%).

Based on the Hourly chart, the down move targets are: 59.51, 59.35, 59.07, 58.64.

Downside Targets: 59.98, 59.68, 59.51 (done), 59.42, 59.35, 59.16, 59.07, 58.97, 58.80, 58.64, 58.34 (100%).

Below, 58.34, we can see more down move.

Now, the resistances for USDINR are:
Resistance: 60.41, 60.49
Small resistances: 59.82, 60.19.

Break above 60.49, we can see 60.99, 61.30, 61.81++.

As of now, USDINR is in down trend. Let us wait and watch.

Breakout Levels: 60.49(UP), 58.34(DOWN).