NeeteshJain

USDINR - Big Consolidation (Breakout Next--->)

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
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1
The price action is been range bound in this pair for a while and now I'm looking forward for a big breakout in it. I would appreciate if anyone could share their opinion on it or post something related to it.

Regards

Comments

@Neetesh @Unmesh
I fully agree withe @Unmesh views. Let's keep observing both Nifty and USDINR and keep our fingers crossed till the time market is liquidity driven as can be seen from Daily FII data which shows continuous inflows even when DIIs are selling.
+1 Reply
Breakout would make sense, even NIfty looks weak & could breakdown. USDINR & Nifty are inversely co-related during major moves. Thus intermarket analysis also support the technical setup.
+1 Reply
That was nice..box magic. faall from box top.
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