USDINR : Technical View : 10.12.2019
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* The USDINR witnessed pressure and fell by 0.26% during the last trading session.
* Also, the price has sustained below its 20*50 EMA which signals bearishness in the near term.
* Moreover, the price has been trading below its Parabolic SAR which indicates bearish momentum in the counter.
* Additionally, the momentum indicator Stochastic (6) has been in a negative crossover, which indicates that the bears are in power.
* Hence, we expect bearish move in USDINR future towards 70.98 level.
* Also, the price has sustained below its 20*50 EMA which signals bearishness in the near term.
* Moreover, the price has been trading below its Parabolic SAR which indicates bearish momentum in the counter.
* Additionally, the momentum indicator Stochastic (6) has been in a negative crossover, which indicates that the bears are in power.
* Hence, we expect bearish move in USDINR future towards 70.98 level.