U.S. Dollar / Indian RupeeUpdated USDINR: Has it made the temporary top?
A big question here, the channel top is almost reached if it reverses from here in next 1-2 weeks, it can fall sharply. Any small down-move can create a negative divergence too that will support the downfall.
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
Trade closed: target reached
You may see it yourself, analysis stayed on point and hence nifty rallied
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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.