USDINR : Technical View : 28.11.2019
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* The USDINR pair experienced weakness at the upper levels and fell by 0.23% during the last trading session.
* Also, the pair has sustained below its Parabolic SAR, which suggests lower prices for the days to come..
* Furthermore, momentum indicator MACD has shown a negative crossover, which confirms power to bears.
* Additionally, the pair’s daily Heikin Ashi candle has formed a series of strong red candles which indicates bearish control in the counter.
* Hence, we expect bearish move in USDINR future towards 71.34 level.
* Also, the pair has sustained below its Parabolic SAR, which suggests lower prices for the days to come..
* Furthermore, momentum indicator MACD has shown a negative crossover, which confirms power to bears.
* Additionally, the pair’s daily Heikin Ashi candle has formed a series of strong red candles which indicates bearish control in the counter.
* Hence, we expect bearish move in USDINR future towards 71.34 level.