India’s Inclusion To JP Morgan’s Emerging Markets Bond Index : USD INR Weekly Analysis

By | September 24, 2023 2:05 pm

JPMorgan Is Adding India To Its Emerging-Markets Bond Index is big positive ,Strong US Dollar Index and rising US bond yields are not allowing the USDINR to sustain at lower levels. Oil prices are in a bullish trend and can become a major troubling factor above 100 USD. As a result, range is now between 82.80 and 83.30 on spot. Incase of a clear breakdown below 82.80 on spot, it can be confirmed that trend has reversed DOWNWARD. Important resistance levels are : 83.02 and 83.16 on spot

USD INR Weekly Chart


USD INR rejected from Upper end of range one again and foremed Weekly Doji.

USD INR Plannetary Support and Resistance Line

Indain Rupee at a support of Venus Plannet line.

USD INR Harmonic

Price has completd the Deep Crab Pattern below 83 heading towards 82/81.5

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 25/29 Sep

Weekly Trend Change: 83

Weekly Resistance:83.20,83.40,83.65,83.90

Weekly Support: 82.85,82.60,82.45,82.20

Levels Mentioned are for October Contract of USD INR

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