USDINR : Technical View : 29.11.2019
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* The USDINR pair glittered forming a bullish engulfing candle and rose by 0.32% during the last trading session.
* Also, the pair has sustained above its Ichimoku Cloud which indicates bullish strength in the counter.
* Furthermore, momentum indicator Stochastic (6) has shown a positive crossover, which confirms control in the hands of the bulls.
* Additionally, the pair’s RSI (14) has crossed above its 50 level with positive momentum signaling price to rise in the near term.
* Hence, we expect bullish move in USDINR future towards 71.98 level.
* Also, the pair has sustained above its Ichimoku Cloud which indicates bullish strength in the counter.
* Furthermore, momentum indicator Stochastic (6) has shown a positive crossover, which confirms control in the hands of the bulls.
* Additionally, the pair’s RSI (14) has crossed above its 50 level with positive momentum signaling price to rise in the near term.
* Hence, we expect bullish move in USDINR future towards 71.98 level.