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pradipandsuvra

USDINR: Bearish Divergence in hourly chart

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
pradipandsuvra  
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Oscillators USDINR usdinr-forecast Divergence
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trendanalysis oscillator usdinr usdinr-forecast divergence
In USDINR here are the features we can see:

  • There is a clear bullishness throughout the session. I would say Very Bullish. All candles are hollow and green in hourly charts.
  • There is a bearish divergence in the #USDINR hour chart. Price highs are not sustained by RSI new highs - shown in the photo

Most likely: the uptrend will pause as there is a momentum missing.

So Dec Future is a short candidate for USDINR.

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