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UnknownUnicorn3503085
Sep 12, 2019 8:13 AM

Is USDINR Traping us? Long

U.S. DOLLAR / INDIAN RUPEEICE

Description

With Fundamental Slow Down in the Indian Economy accompanying with rising Global Slowdown and Trade Wars.
Dollar Index is Touching New Highs and with no major moves in Indian Currency giving us a big trap signal on each fall in the USDINR or the Rising Rupee.
One can Long USDINR at 71.15-71.20 Levels for the Targets of 72.40, 73.25 and 74.57 in the coming months with Near by support ranges of 70.64, 70.54, 70.32 and 70.08

Comment

Now.. the Move has started in usdinr @ 71.000...

Trade active

Next coming levels of USDINR.. .
Comments
Tushar_Kole
Now what is your view sir, for long position.
UnknownUnicorn3503085
@Tushar_Kole, still intact with the positive move in usdinr. Read new idea.
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