Short

USDINR

Updated

Price Level at 81.13 is most deciding factor!

81.13 is key level for LONG trend,
If breaks the trendline Go for SHORT 80.5 is the target with STOPLOSS 81.15.

Or 81.15 is SUPPORT for LONG term BULLISH trend.

Short-term BEARISH trend,

Lon term BULLISH trend can be expected.

Note

Last week, both China and India were purchasing crude oil from Russia at a massive $33.28 discount to Brent, meaning they are already purchasing well underneath the price cap.

So USD$ depreciation rate could come down significantly. INR will become stronger, also USD$ index complete collapsed to 104.44, from last OCT 2022.

So, Bearish neutral trend can be expected.

Note

Last 81.3990 Last

81.3756 Pivot Point
81.3684 Price Crosses 18 Day Moving Average Stalls
81.3536 Price Crosses 18 Day Moving Average
81.3103 14-3 Day Raw Stochastic at 50%
81.3010 3-10 Day MACD Oscillator Stalls
81.1834 50% Retracement From 13 Week High/Low

Previous Close 81.1675 Previous Close

Pivot Point 1st Support Point 81.1107

Low 81.0873 Low

81.0617 14-3 Day Raw Stochastic at 30%
80.9373 14-3 Day Raw Stochastic at 20%

Trade closed: target reached

Note

EXIT all LONG positions (BULL),

Activate-- BUY SHORT positions ( BEAR)

Trade closed manually

81.87, EXIT ALL SHORT POSTIONS... and enjoy the Profits.

Trade active

BUY ENTRY (LONG/BULL) at 81.87 level and STOP LOSS AT 81.80.

Trade closed: target reached

WECLAN

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