Category Archives: USD INR Technical Analysis

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… Read More »

Mercury Conjunct Venus: USD INR Weekly Forecast

By | February 4, 2024 10:18 am

US Dollar strong across the board on strong US Job Report. USDINR has witnessed persistent selling, despite the fact that prices are still contained within the established range since August of the previous year. The emergence of bearish price action in the recent period cannot be overlooked. The anticipated trading range for USDINR is projected… Read More »

Interim Budget 2024 : USD INR Weekly Forecast

By | January 28, 2024 2:59 pm

USD INR lacks a distinct directional bias, making it more favourable for intra-day scalpers and jobbers. Short straddle and short strangle trades continue to be popular strategies, though caution is advised. Traders should maintain appropriate stop losses and opt for smaller position sizes to mitigate potential risks. The anticipated trading range for USDINR is projected… Read More »

USD INR Weekly Forecast 23-25 Jan 2024

By | January 22, 2024 10:02 am

USD INR lacks a distinct directional bias, making it more favourable for intra-day scalpers and jobbers. Short straddle and short strangle trades continue to be popular strategies, though caution is advised. Traders should maintain appropriate stop losses and opt for smaller position sizes to mitigate potential risks. The anticipated trading range for USDINR is projected… Read More »