INRUSD trade ideas
USD/INR LONG TERM EFFECT 1) As per this analysis the INR can go upto Rs 78 /-
2) Channel Is Showing that INR can Breach the resistance of Rs 76 Level
3) All The EMA is Showing in Uptrend and 20 EMA is 73.69
4) 50 EMA is 71.73
5) The Most Important EMA is above 200 EMA which is clear inthe USD/INR which is at 68.37
6) The analysis is worked on Weekly Charts
7) If the Channel Line is broken Below then only we can expect that USD will fall else it is clear indication for going upwards
8) The clear indication at present is that USD is in line to break the Middle Line if it breaks Clearly the we can see move ahead till 78 /-
Dear Friends this is my first publication as Tutorial , i have tried to explain in short form the clear Trend analysis of USD/INR , if you have like the Tutorial Pls provide me likes and comments . also if you have any other solution or any other short outcomes do let me know in the comment section .
The USDINR is trending up, a small divergence was created on RSIIn our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to close itself above it then we may further see advance in it. The upside targets for the pair are placed at 74.70, 75.50 & 77.50 if the 73.55 levels is safe. Below 73.55 the correction may extend to 72.60, 71.30 & 70.75 levels.
Currency at its peak. Symptom to fallAs our global market is falling. FII selling their stakes , which leads to increase the demand of dollars and therefore dollar is rising and currently at its peak. Movement of currency and equity index is inverse of each other. Rise in dollar value indicates fall in equity index and vice-versa .
