In Our last analysis, Has Indian Rupee made Short term Top, Weekly Analysis Rupee made the top and started correcting achieved our last target of 64.4. Lets analyze where is Rupee heading in coming week we have crucial event as Fed Tapering and RBI Policy. USD INR Hourly USD INR Hourly charts have pulled back… Read More »
USD INR Hourly USD INR Hourly charts have pulled back from Fibo Channel and heading towards the support of 65. Holding the same bounce back can be expected. towards recent high again where it might form a double top and start its bearish journey. USD INR Daily USD INR chart As par Gann Fann INR… Read More »
The rupee fell past 69 to the dollar to a record low on Wednesday, plunging as much as 4 per cent to hit 69.08, The rupee has fallen by 9 % in the last few trading sessions. Here are 10 main reasons that experts say are responsible for the Indian rupee — which has depreciated… Read More »
Nifty has been falling like 9 Pins, Large Caps have turned to Mid Caps, Mid Caps into Small Caps. Retailers are running away from market, But one talk i always hear when i talk to anyone related to market FII’s are manipulating Indian Market and they never lose money. Well let me put some justification… Read More »
As per our last discussion Can rupee touch 65 to a dollar ? Rupee achieved the target today. Deutsche Bank came with an extreme bullish target of 70, Here are some expert of the Report The rupee recovered by 10 paise to 63.15 against the US dollar in early trade today after the RBI announced… Read More »
USD INR Daily USD INR chart is forming a double top pattern and any close above 62 will invalidate the pattern. Also many brokerage are coming out with aggressive target of 65-70 on INR. Which also gives an indication of going short in INR. As par Gann Fann INR is a top of fan suggesting… Read More »
The rupee crossed 63 to a dollar again as discussed in our USD INR Forecast. This should not be surprising given that the demand for dollars is much more than their supply. So now question lies Can Rupee touch 65 in medium term. Let me answer the question for you talking on both Fundamental and… Read More »
As discussed INR hit all time low against USD so lets analyze how will falling rupee affect the budget and personal finances of common man. Here’s how a weak rupee will affect “Aam Adami” 1. Increase in Petrol and Diesel Price: Indian is largest importer of crude oil. With Rupee trading at all time low due to bad economy… Read More »
As Discussed on 13 May :At last INR reaches our target of Rs 60. Lets analyze USD INR technical for coming week, do we have more steam for the rally to continue further. USD INR 4 Hour Chart USD INR 4 hour chart as per Gann Grid looks like topping out formation in near term.… Read More »
At last INR reaches our target of Rs 60 makes a high of 59.94 as discussed on 13 May Post. Technically we achived the target but what are the fundamental reasons which are driving Rupee price lower each passing day. Dollar got Boost from FED Decision The Fed said on Wednesday that it expects to… Read More »