USDINR : Technical View : 02.12.2019
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* The USDINR pair shined forming a strong green candle and rose by 0.14% during the last trading session.
* Also, the pair has sustained above its Ichimoku Cloud which signals bullish power in the counter.
* Furthermore, momentum indicator Stochastic (6) has shown a positive crossover, which indicates prices to rise in the near term.
* Additionally, the pair’s daily Heikin Ashi Candle has formed a strong green candle which indicates that the uptrend has strength.
* Hence, we expect bullish move in USDINR future towards 72.10 level.
* Also, the pair has sustained above its Ichimoku Cloud which signals bullish power in the counter.
* Furthermore, momentum indicator Stochastic (6) has shown a positive crossover, which indicates prices to rise in the near term.
* Additionally, the pair’s daily Heikin Ashi Candle has formed a strong green candle which indicates that the uptrend has strength.
* Hence, we expect bullish move in USDINR future towards 72.10 level.