investingclubs

USDINR Asceding Trangle Pattern

Long
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
The weekly chart of the USD INR is the ascending trangle pattern formation: In the techanical view the probability of the brackout is high as compare to the brackdown.

Currently the crude price hike, this is negative effect the USDINR
Next year is the election, previous chart patter show election year Rupee is fall
Foreign investor sold the indian market

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.