USD/INR Weekly Chart Analysis 📌 USD/INR Weekly Chart – Double Top Analysis
After a sustained uptrend, USD/INR is showing potential signs of a reversal with a well-defined Double Top pattern on the weekly timeframe.
✅ Pattern: Double Top (Weekly)
✅ Key Resistance: ~87.00 (tops)
✅ Breakdown Level: 83.76 (watch for confirmed weekly close below)
✅ Target Projection: ~80.76 (based on measured move)
✅ Stop-loss: ~84.70 (ATR-based level)
📉 Bias: Bearish on confirmed weekly close below 83.76 with increased selling volume.
🔎 Volume Note: Look for higher volume on breakdown to confirm selling pressure and pattern validity.
✅ Commentary:
This classic double top setup suggests potential trend exhaustion after an extended move up. A weekly close below the 83.76 neckline with strong volume would strengthen the bearish signal, targeting ~80.76 in the medium term. ATR-based stop-loss placement provides tactical risk management above recent support
