USD/INR looking for a BreakoutFrom the chart, there is huge possibility of INR depreciating against US dollar. Bullish flag pattern have huge potential to go upside.
Dollar Vs INR: Dollar clearly Overbought as of now. Dollar Vs Rupee:
Dollar is at 87. Major breakout from the zone but one interesting point to note is the RSI. Relative Strength Index is above 90. Near 91 in fact. These are unsustainably overbought levels. We will see a proper deep correction there sooner than later. Once the Dollar starts to corr
INRUSD - Indian Rupee Collapse UPDATEMy initial post on INRUSD was back on Sept 2022 more than 2 years ago.
My update is more of the same going forward. INR will continue to collapse despite its nominal economic growth.
When the economy is very small relative to its population, the growth rate doesn't matter as if a major economy l
$INRUSDbeen a downward spiral for a while now expect this to do a final spike down assuming Dixie goes for 109 since i still feel its overextended
not trading this just interested to see how it plays out
If you have been following my DXY posts its at a key spot right now where it either teleports up an
1980-2002 USD dominance over INR mirrors 2024-20441980-2002: USD's HUGE DOMINANCE over INR 💵📈
2024 shows a similar setup. USD poised for a strong rally against INR.
Targets marked on the chart!
USDINR The 2-year Rising Wedge is holding.The USDINR pair continues to respect the Rising Wedge that we mentioned more than 2 months ago (July 24, see chart below), giving us both excellent buy and sell signals:
This 2-year Rising Wedge pattern is approaching its top (Higher Highs trend-line) once more so we're preparing for a sell sig
Rising wedge breakdown in USD/INRAfter a long rising wedge formation in USD/INR in weekly chart, can see a good breakdown of the wedge, this implies a change in trend, the USD will depreciate and INR will appreciate.
Year long wedge- Chart patterns dont tell the whole storyIndian Rupee is on year long wedge formation
But its not strictly a technical pattern because INR is in dirty float meaning Central Bank manages its levels. Therefore the chart does not reflect the market participants view
Can't trade this kinda managed chart patterns
USDINR Bullish break-out signalThe USDINR pair broke this week above Resistance 1 (83.700), the long lasting level since the week of March 18 and following a strong rebound on the 1W MA50 (blue trend-line), the break-out should technically lead higher.
The long-term pattern remains a Rising Wedge and we expect at least a symmetr
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of USDINR is 86.5430 INR — it has increased by 0.01% in the past 24 hours. See more of USDINR rate dynamics on the detailed chart.
The value of the USDINR pair is quoted as 1 USD per x INR. For example, if the pair is trading at 1.50, it means it takes 1.5 INR to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDINR has the volatility rating of 0.44%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDINR showed a 0.48% rise over the past week, the month change is a 1.75% rise, and over the last year it has increased by 4.19%. Track live rate changes on the USDINR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDINR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDINR technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDINR shows the buy signal, and 1 month rating is strong buy. See more of USDINR technicals for a more comprehensive analysis.