parthabora

parthabora

USDINR is moving in range now from 79.72 t o 79.88. Its high likely to continue in the range. One can go for scalping inside the range. If range is broken then Long levels 79.96, 80.05. Short levels 79.66, 79.55

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USDINR is moving in a range now. Key data points for 22-08-2022 in spot. If it sustains above 79.86 then it may move up to hit the top of the channel that is 79.97-80. For short, if it breaks the channel and sustains below 79.75 then it may hit 79.65, 79.55, 79.35. Oi data for future, maximum resistance at 80 and support at 79

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USDINR showing strong support to not come down. Even Dollar index stands at 107 which is really high. All are due to current global situations and also due to the resilience shown by US economy. At spot market USDINR is at 79.70. For 19-08-2022 if we see long side then in spot market it has to cross 79.75. Next targets will be 79.95, 80.05, 80.20. To go short...

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In hourly candle USDINR looks sideways at the moment. With ongoing wars and geo political tensions its really hard to predict the directions. One more uncertainty of China and Taiwan issue. If China and Taiwan issue increases then it may put more impact on world economy than Ukraine Russia as these are bigger economies. Also, US cpi data for July will be out on...

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USDINR still looks bullish at 78.06 (spot) on 12-06-2022. Dollar continues to move in uptrend from a long time now. There are lot of reasons which add on to the uptrend. With inflation, war and probable recession around the corner the world’s safest currency holding its strong position. So, we look into the fundamental and technical side for reasons supporting...

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USDINR does not seem to come down with global inflation and Russia Ukraine war going on. With Fed Chair Powel testimony on 22-06-2022, he has clearly said that recession should not be provoked. It means that though inflation in US is on higher side Fed is highly unlikely to increase interest rate by 100 bps. According to a poll by Reuters experts see a similar...

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PPI data which is one more indicator of inflation has been in line with forecast of 0.8%. For the month of April PPI was at 0.5% and for the month of May it stands at 0.8%. In spot 77.70 to 77.80 is strong support zone . Though USDINR has pulled back little bit from its all time high. With federal fund rate to be announced tomorrow that is on 15-06-2022 it can be...