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 »
Rupee has witnessed decent improvement in ranking or performance over this week.RBI remains to keep Rupee a median performer v/s its peers. They achieve that by strongly intervening on both sides of the USDINR marketLast 3 weeks has been amazingly low volatile in USDINR we can see reange expansion this week. USD INR Gann Angle… Read More »
Indian Rupee continues to be an underperformer when ranked against its peers. This underperformance began right after RBI did a surprise rate hike on May 4th. FPI outflows and carry trade unwind is causing this. RBI would have to keep supporting Rupee, till the time, global sentiments remain fragile. USD INR Gann Angle Chart Price… Read More »
USD INR Gann Angle Chart Price is heading to 1×1 Gann Angle 76.25 will be crucial next week. USD INR Plannetary Support and Resistance Line Indain Rupee breakdown below Venus Plannetary line towards 76/75.85 USD INR Harmonic Price is heading towards 75.85 USD INR Astro/Gann Trend Change Date Major Trend Change date for INR is18/21… Read More »
USD INR Gann Angle Chart Price is heading to 1×1 Gann Angle 75.50/75.25. USD INR Plannetary Support and Resistance Line Indain Rupee breakdown below Venus Plannetary line towards 75.75/75.50. USD INR Harmonic Price is heading towards 75.75/75.50 USD INR Astro/Gann Trend Change Date Major Trend Change date for INR is 13 April Weekly Trend Change:… Read More »
USD INR Gann Angle Chart Price is heading to 1×1 Gann Angle 75.50/75.25. USD INR Plannetary Support and Resistance Line Indain Rupee breakdown below Venus Plannetary line towards 75.75/75.50. USD INR Harmonic Price is heading towards 75.75/75.50 USD INR Astro/Gann Trend Change Date Major Trend Change date for INR is 05 April Weekly Trend Change:… Read More »
USD INR Gann Angle Chart Price is heading to 1×1 Gann Angle 76.25 will be crucial next week. USD INR Plannetary Support and Resistance Line Indain Rupee breakdown below Venus Plannetary line towards 76/75.85 USD INR Harmonic Price is heading towards 75.85 USD INR Astro/Gann Trend Change Date Major Trend Change date for INR is… Read More »