How to Trade USD TO INR: Weekly Trading FORECAST

By | July 11, 2021 3:00 pm

Next week can be eventful with FPI inflows expected to pick up in the marquee IPO from Zomato. At the same time, CPI inflation and industrial production data will be due from India. A higher inflation print and softer industrial activity, which are expected, can be positive for USDINR. However, the biggest driver of USDINR will still be the trend in the US Dollar Index and in the equity markets.

USD INR Gann Angle Chart

Price reacted from Gann Resistance zone.

USD INR Plannetary Support and Resistance Line 

Rupee taking resistance at Venus Plannetary Line.

USD INR Harmonic

Price nearring PRZ Zone can see a quick decline

USD INR Gann Time Cycle Date

Major Trend Change date for INR is 13/15 July as Mercury goes Helio Ingress

Weekly Trend Change: 74.70

Weekly Resistance:74.90,75.04,75.31

Weekly Support:74.46,74.20,74.00

Levels Mentioned are for July Contract of USD INR

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