Sun Ingress :USD INR Weekly Forecast

By | February 18, 2024 8:37 am

USDINR remains confined within a range, lacking any significant catalysts to prompt a breakout. The support zone hovers around 82.80/90, while resistance looms near 83.20. Traders might consider selling around 83.10/15 with a stop above 83.20 on a spot basis. Conversely, buying near 82.90 with a stop below 82.80 on a spot basis could be a viable strategy. Short straddle and short strangle trades remain popular, but it’s prudent to employ tight stop losses and manage positions conservatively, considering their inherent risks.



USD INR broken gann angle support zone.

USD INR Supply Demand Zone

India Rupee Supply Demand Chart : Demand in range of  82.75-82.80, Supply in range of 83.15-83.230

USD INR Harmonic

Price is forming the D Leg of SHARK  Pattern heading towards 82.80/82.65 till below 83.25

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 19/22  Feb

Weekly Trend Change: 83.05

Weekly Resistance: 83.20,83.40,83.65

Weekly Support: 83,82.80,82.65,82.50

Levels Mentioned are for Feb Contract of USD INR

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