Sunandamedi

USD-INR - OBSERVATION IN DIFFERENT TIME FRAMES

OANDA:USDINR   None
AS PER THE WEEKLY CHART, THE EXCHANGE RATE MAY BE GOING TO THE VALUE OF 70.2-70.5 RANGE IN THE COMING DAYS.

IT HAS GOOD SUPPORT AT THESE LEVELS.

ONE MAY ENTER WITH TARGETS OF 71.3-71.5 AT THE ABOVE MENTIONED LEVELS.

DAY CHART HAS A "DOJI" SORT OF MOVEMENT ON FRIDAY. GO LONG, WHEN PRICE CLOSES ABOVE 71.1 FOR TARGETS OF 71.4. STOP LOSS MAY BE KEPT AS 70.8 (DAY LOW).

IF IT TRADES BELOW, 70.8 THEN SHORT FOR TARGETS OF 70.5 WITH STOP LOSS PLACED AT 71.1 (DAY HIGH).

HOUR CHART INDICATES A BUY SIGNAL WITH TARGETS OF 71.1-71.25.

15M CHART IS IN BULLISH AREA WITH TARGETS PLACED AT 71.26.

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