Solar Eclipse : USD INR Weekly Analysis 08 April-12 April 2024

By | April 7, 2024 3:35 pm

Brent is back above 91 , US Fed members are toning down their calls for rate cuts and US yield curve is witnessing a bear steepening and global stocks are at lofty levels..

Interesting mix.

We also need to watch Geo politics.. lot of rumbling happening in South China Sea, Straits of Hormuz, in Pakistan and Gilgit Balchistan

Interesting times ahead



USD INR is stuck between 84-83 zone.

USD INR Supply Demand Zone


India Rupee Supply Demand Chart : Demand in range of  83-83.10, Supply in range of 83.53-83.60

USD INR Harmonic

Price is forming the D Leg of Alternate ABCD Pattern heading towards 84/84.55 till above 82.5

USD INR Astro/Gann Trend Change Date

Major Trend Change date for INR is 08 April

Weekly Trend Change: 83.35

Weekly Resistance: 83.50,83.65,83.90,84.10

Weekly Support: 83.20,83,82.80,82.65

Levels Mentioned are for April Contract of USD INR

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