USDINR : Technical View : 15.11.2019
* The USDINR pair during it’s Thursday session closed negatively
at –0.16%.
* But, On the daily chart the pair is trading above it’s 50EMA and
200EMA.
* Moreover, the pair is trading above it’s Ichimoku cloud indicating bullish strength in the pair.
Additionally, a momentum indicator RSI (14) has shown is
above it’s 50 level confirming power to the bulls.
* Hence, we expect bullish move in USDINR future towards 72.20
level.
at –0.16%.
* But, On the daily chart the pair is trading above it’s 50EMA and
200EMA.
* Moreover, the pair is trading above it’s Ichimoku cloud indicating bullish strength in the pair.
Additionally, a momentum indicator RSI (14) has shown is
above it’s 50 level confirming power to the bulls.
* Hence, we expect bullish move in USDINR future towards 72.20
level.