Today the weak are long shaken by bears. Descending triangle breakout is validated by today's support at breakout level. Soon It will reach 850 as per my view.
Gap down opened on 27.07.2023 after earning a report on that day indecision in market participants formed a neutral candle at both sides and tried to break the zone. On 28.07.2023 candles just formed inside the previous day candle show signs of aggressive sellers absence. On 31.07.2023 buyers entered the zone and drove the price above 27.07.2023 open shows +ve...
Two week of the balance zone is disturbed and the balance zone is broken. USDINR unable to onboard new buyers in this zone. Triple top formed and trend reversal confirmed. In the short term it may test 81.60 to 81.80 levels to attract buyers. If it fails to attract, the next key level is 80.80.
07.07.2022 to 14.07.2022 strong continous up trend in USDINR,
15.07.2022 to 27.07.2022 bulls exhausted and balancing started in narrow range 79.70 to 80.07
28.07.2022 bears entred the market and drove the price below the support zone 79.70.
29.07.2022, 01.08.2022 & 02.08.2022 aggressive selling of USDINR touched 78.43.
03.08.2022 bulls entred the drove price...
USDINR going to face so strong resistance in upcoming days. Test this level more than 5 times. But it was unsuccessful. All time high for 2020 to 2022 was 77.00. This also strong resistance becoz initative sellers entered due to price is above its fair value. As fer this 76 to 77 range was not fair price and not accepted by sellers past 2 years. This USDINR longs...
