USDINR : Technical View : 05.12.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
The USDINR pair closed on a negative note falling by 0.24% during the last trading session.
Also, the price has been trading below its falling trend line, which is resisting it’s up move.
Moreover, the price has been trading below its Parabolic SAR which signals bearish control in the counter.
Additionally, the momentum indicator Stochastic (6) has shown a negative crossover, which indicates that the bears are in power.
Hence, we expect bearish move in USDINR future towards 71.47 level.
Also, the price has been trading below its falling trend line, which is resisting it’s up move.
Moreover, the price has been trading below its Parabolic SAR which signals bearish control in the counter.
Additionally, the momentum indicator Stochastic (6) has shown a negative crossover, which indicates that the bears are in power.
Hence, we expect bearish move in USDINR future towards 71.47 level.