USDINR 4hr time frame, upcoming week usdinr may seen bullish.
On the daily time frame we can clearly see a bullish engulfing candle closed. on the four hour time frame there can be create a inverse H&S if price gives pullback from 68.79 to 68.44. 4hr time frame rsi is diverging as bullish. daily time frame rsi is oversold and made double bottom. weekly time rsi...
USDINR broke out all time support level 68.32 and enters into bearish teritoy and remain bearish from Jun 17/2019 high 69.95. current price is 68.23 following this trend we can expect futher down to 67.86 and 67.50 in a short period.
Today's Gaped down usdinr and other 3 pairs eurinr, jpyinr, gbpinr gaped up. following J. powell cuts fed rate again and other...
Usdinr moves as predicted from pre-election period.
Keep focusing on further target our SL range of 70.60 as the highest support levels and and 68.48 is our next resistance levels following the 68 levels.
#USDINR bullish short term target 69.80.
Fundamentals. #wtiCrudeoil will back up this week from 54 to 56, cues RBI has puts out revised circular on stressed assets, and rate cut policy still in effect.
From what I see, USDINR has finished a Triple wave WXYXZ pattern. Its now moved to the lows. I guess we will see a brief consolidation and post that, the pair might breakout and continue to go to the downside and retest its previous lows and possibly make a new lower low on the 240 time frame.