USDINR day chart study - Broadening wedge
USDINR has broken the falling channel downwards to evolve into a broadening wedge.
We see the wedge bottom and 200 day SMA confluence. RSI has moved into the oversold region.
An ideal buying opportunity with low risk high reward would be when USDINR bounces at the 200 day SMA and wedge bottom along with RSI crossing above the oversold region.
We see the wedge bottom and 200 day SMA confluence. RSI has moved into the oversold region.
An ideal buying opportunity with low risk high reward would be when USDINR bounces at the 200 day SMA and wedge bottom along with RSI crossing above the oversold region.
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.