USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other US/China trade war sourcery goin on.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other US/China trade war sourcery goin on.
Comment:
4 hours time frame. Usdinr in a sttrong bullish trend reaching to price control trend line (purple color) price 68.60 may reverse from there. sentiment still will be bearish until it breaks this trend channel to upside or we see any pattern formed like double bottom or triple bottom.
Comment:
This idea has been discarded. check my recent idea about usdinr. thanks.
