USDINR : Technical View : 12.12.2019
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The USDINR closed on a flat note during the last trading session.
But, the price has been trading below its Ichimoku Cloud which signifies bearish presence in the counter.
Moreover, the price has been trading below its Parabolic SAR which indicates power to the bears.
Additionally, momentum indicator MACD has been moving in a negative crossover, which indicates that the bears are in control.
Hence, we expect sideways to bearish move in USDINR future towards 70.87 level.
But, the price has been trading below its Ichimoku Cloud which signifies bearish presence in the counter.
Moreover, the price has been trading below its Parabolic SAR which indicates power to the bears.
Additionally, momentum indicator MACD has been moving in a negative crossover, which indicates that the bears are in control.
Hence, we expect sideways to bearish move in USDINR future towards 70.87 level.