Jahir_Jack
Long

USDINR four hour chart looks bullish Long 72.30 Target

OANDA:USDINR   U.S. Dollar / Indian Rupee
USDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
Comment: Trending million november prices sale max india top investors china oil amid economy update end nifty sensex rally bank trade fall supply group low govt probe banks gold today motherson sumi ceo rbi dollar steady meet brexit board sales target higher ecb ends loan exclusive sources billion air back
Comment: Please, Ignore second comment "Trending million .. it was by mistake.
Trade closed: stop reached: Stop hits
@Jahir_Jack
time it’s time to initiate long .. crude fall easing out .. USDINR bounced from crucial support and historically fed decision have led to rise in USDINR .. see the period following 25 Sep ..
Reply
@RKJS, NO long please :P check out there's a clear bearish flag pattern formed https://in.tradingview.com/chart/9g60mMbd/ and I think USDINR will dip dive more till 69.50.

And yes, historically Fed rate effect was good but this time it was a big dubious for market speculation. fundamental to look for USDINR Gold price down, crude is still going down, nifty struggling to make 11k

+1 Reply
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