USDINR pair, it has been stuck in a range for the past two sessions, the broader range for the pair seems to be 82.00 on the downside and 83 on the upside. USD INR Gann Angle Chart Price resisted at 1X1 gann agnle and heading towards 2X1 USD INR Plannetary Support and Resistance Line Indain… Read More »
Lower oil and higher equities and softer US Dollar Index, Inclusion of Indian bonds in the JP Morgan index cab lead Rupee to strengthen. The broad range of 79.20/25 and 80.05/10 USD INR Gann Angle Chart Price has taken support at 2×1 Gann Angle USD INR Plannetary Support and Resistance Line Indain Rupee breakdown… Read More »
Everytime USDINR has tried to sustain above 80 on spot, selling emerged: FPI, large corporates or RBI. This time around we have to see. Key resistance zone is near 80.10 on spot. USDINR has been oscillating within 79.20 and 80.10. FPI inflows and lower oil prices and corporate flows are Rupee supportive but at the… Read More »
With oil holding below $100,can we positive for USD INR. USD INR Gann Angle Chart Price resisted at 4×3 gann agnle and heading towards 1x1x USD INR Plannetary Support and Resistance Line Indain Rupee breakdown below Venus Plannetary line heading towards 79.30/79 USD INR Harmonic Price is heading towards 79 to retest the C leg… Read More »
With oil holding above $100, we do not expect Rupee to become an outlier strong. Therefore, global currencies have to keep strengthening against USD for Rupee to do the same. Therefore, we may get a few more days of appreciation. USD INR Gann Angle Chart Price resisted at 1×1 Gann Angle and on 181 bar… Read More »
Corporate flows and suspected RBI intervention kept the spot under 80 for the entire day,Over the next week, expect some consolidation as RBI intends to keep the pair within a range for some time, after a near 1 percent jump over the last week. USD INR Gann Angle Chart Price resisted at 1×1 Gann Angle… Read More »
When economic data is watched very closely by market participants and the worst is expected, then probably the worst also gets priced in. Today US CPI came above 9 Still Dollar Index is seeing Cool off. Rupee remains almost a median performer against major global currencies.Brent is trading close to 99 handle and that augurs… Read More »
Volatility remained capped as USDINR gradually drifted higher, we can see big move in USD INR coming week. USD INR Gann Angle Chart Price is heading to 2×1 Gann Angle after taking resistance at 1×1 line USD INR Plannetary Support and Resistance Line Indain Rupee breakout above Venus Plannetary line towards 78.50/78.55 USD INR Harmonic… Read More »
RBI has reserves and incentive to keep the USD INR sideways. Option premiums are crushed but still that remains the only trade. USD INR Gann Angle Chart Price is heading to 2×1 Gann Angle. USD INR Plannetary Support and Resistance Line Indain Rupee breakout above Venus Plannetary line towards 78.20/78.40 USD INR Harmonic Price is… Read More »
US CPI inflation print came higher than expected at 8.6% vs 8.3%. we can see more aggressive and faster rate hike by FED. US market is now pricing a possibility of 75 bps hike in July.USD will trade above 78. USD INR Gann Angle Chart Price is heading to 2×1 Gann Angle. USD INR Plannetary… Read More »