By | January 22, 2023 6:19 pm

The coming week is very busy for the FX markets, there are a lot of data releases from almost all the major economies. For starters we had the Eurozone and the UK coming out with their PMI data, and as we head into the week we have the US PMI, manufacturing index, US GDP and the data release that the traders will look out the most i.e. the PCE data, as this data is the FED’s gauge of inflation, and this data release coming in lower than the analyst estimates will support the bets of FED opting for smaller sized rate hikes, and opting to reduce the pace of tightening. Technically, the USDINR pair constantly faced rejection near the 81.80 zone, this level in the sessions to come is going to act as a resistance. On the downside we might see support come in near the 80.80 level

USD INR Gann Angle Chart

Price back to 2X1  gann agnle and heading lower towards 82

USD INR Plannetary Support and Resistance Line

Indain Rupee breakdown below  Venus Plannetary line heading  towards 81/80.75

USD INR Harmonic

Price is heading towards 79 to retest the C leg

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 23 Jan

Weekly Trend Change: 81.10

Weekly Resistance:81.25,81.40,81.65,81.80

Weekly Support: 80.95,80.80,80.65,80.40

Levels Mentioned are for January Contract of USD INR

Leave a Reply