Get started
mohdosama17

USDINR-evening star pattern at 4 hour

U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
mohdosama17 Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Chart Patterns Technical Indicators USDINR dollarindex
0
0
trendanalysis chartpattern indicator usdinr dollarindex
USDINR

Indian Rupee at all-time low which can mean:

1. RBI will intervene next week to make the bull run slow
2. Evening star at 4 hours look promising. One should watch the next 4 hourly candle.
3. The previous high, 77.88 can be a resistance for the next consolidation. The consolidation is possible as the Dollar is at all-time high and RBI might intervene.
Comment:
4. RSI also above 70, which means reversal is possible.
Comment:
Still taking naked positions can be risky; hedging will be a great idea.
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.