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
India's inflation data in focus as Modi meets Putin As Indian Prime Minister Narendra Modi engages with Russian President Vladimir Putin in Moscow, the focus back home will shift to the latest inflation figures.
India has faced significant pressure from Western nations to distance itself from Russia following the invasion of Ukraine. However, New D
USDINR Bearish unless it breaks that Resistance.The USDINR pair has been trading within a long-term Rising Wedge pattern since the November 11 2022 Low. The 1W MA50 (red trend-line) has been supporting all the way and in fact has made contact with the price and held on 3 occasions, with the most recent being on June 03.
We are currently bearish
Indian Rupee Faces Headwinds But May Outperform in BondsThe Indian rupee is currently facing pressure due to a combination of factors:
* **Weakening Chinese Yuan:** The decline in the Chinese yuan, a key regional currency, is putting downward pressure on the rupee.
* **Potential Portfolio Outflows:** Upcoming elections in India are raising concerns abou
Today USDINR chart Analysis.Hello,
As per today chart Analysis, usdinr support & resistance mark on chart, wait for break out.
our new indicator give market Target touches in future.
as per Indicator gives bullish market of USDINR.
if you like my new AI tool for future market Analysis. like it follow me. share your comment
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 85.371 INR — it has increased by 0.09% 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 0.15%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDINR showed a 0.36% rise over the past week, the month change is a 0.91% rise, and over the last year it has increased by 2.49%. 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 strong buy signal, and 1 month rating is buy. See more of USDINR technicals for a more comprehensive analysis.