USDINR Four hour chart seems bullish Bearish flag has broken to upside.
Sentiments: Crude oil up 46.33 by +0.1%, Brent oil up 54.75/+0.1, Natural gas up by +2.43%, US Dollas index up 95.80/ +0.08%, EURUSD up 1.146/+0.14%, JPYINR up .6312/+0.40%, GBPINR up 89.012/ +0.26%, EURINR up 80.4630/ +0.46%, USDINR up 70.18 /+0.08%.
Technical buy signal, bearish flag has...
USDINR four hour chart looks bullish go Long 72.30 Target today or possibly next week. Stop Lose 71.60
Technical buying signal, trend lines respected, fundamentals Indian market looks consolidating for a bearish dip and can be seen profit booking Friday and Monday
Short USDINR Target 71.32 short term.
According to Indian market today Nifty, Bank Nifty, Sensex all bounce up with a strong bull rally. also USDINR four hours chart looking bearish.
Fundamentals to Watch New Governor, Political parties Exchange, Indian market zoomed up.
USDINR short term target 71.32.
Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week.
Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR.
All Jhingalala (:
It seems dollar may slide down, thereby helping Nifty again take short bull run.
Although Politics may play its role but still signs are of appreciating rupee.
It may have a minor negative impact on Indian IT Stocks.