Currency Trading:USD-INR Weekly Analysis

By | September 30, 2013 11:36 am

In Our last analysis, Indian Rupee heading for 61-62 levels,Weekly Analysis Rupee made low of 61.5 and bounced back. Now lets analyze rupee movement for coming week.

USD INR Hourly


USD INR Hourly charts from MT4 platform  are getting resisted at top of the Fibo channel any move above it can see rupee moving back to 64 odd levels.



USD INR chart taken from MT4 platform made top as per Gann Fan as discussed in previous post. Now if INR holds its trendline support it will bounceback back to 64 odd levels.


USD INR Weekly


Weekly charts tried moving above the weekly trendline but failed to do for 2 weeks in row.Weekly charts are also near the trendline support.


USD – INR Trend Deciding Level:62.95

USD – INR Resistance:63.8,64.2 and 65.2

USD – INR Support:62.3,61.5 and 61

Levels mentioned are USD – INR September Future

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Category: USD INR Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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