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Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

USDINR EOD chart analysis using Ichimoku Cloud trading system

30 sec read

USD INR EOD Charts
(click on the charts for better resolution)

Chart shown is USDINR EOD charts since Sep,2010 to till date along with Ichimoku indicator is added as a overlay with base parameters 3,12,18.

Ichimoku Cloud strategy

Buy if candle closes above the cloud with stoploss as the bottom of the cloud(Support)
Sell if the candle closes below the cloud. with stoploss as the top of the cloud(Resistance)

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Applying the rules to the chart the Buy and Sell signals are drawn over the chart and more recently you could infer a sell signal on the EOD charts with cloud trailing resistance comes near Rs45-45.10 zone. Chances of more possibilites of rupee strengthening against dollar and also the possibilites of FII inflow into the country.

for realtime usdinr charts visit live usdinr charts

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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5 Replies to “USDINR EOD chart analysis using Ichimoku Cloud trading system”

  1. Sir ,
    hi , any free data feeder for ami relating to commodities(gold, silver,oil )tx in adv.

  5. Hi sir,
    Im currency trader, Where i can get USDINR, EURINR, GBPINR, JPYINR realtime n EOD software..

    thank you..

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