USD INR 4 Hourly Chart Analysis

CMP : Rs48.9/Dollar

USDINR EOD chart is shown with 13-13 period Wilders Moving average. There is buy signal on the chart since 8th August as the candle closes above the upper channel Rs44.76 of the 13-13 Wilders moving average channel since then there is a strong uptrend(Weaker Currency) and had gained more than 10%. Now the current supports are near Rs48.6. Closing below 48.6 could offer shorting opportunity in USDINR

Related Readings and Observations

  • USDINR Long Term and Short Term : July Month Overview USDINR on the daily charts very recently turned to long term buy mode since 16th June 2014. Currently the EOD support comes near to 59.06. USDINR will turn to long term sell mode if the […]
  • USDINR Long Term and Short term Overview USDINR on the daily charts is in long term sell mode since Sep 2013. Currently the EOD resistance comes near to 60.49. USDINR will turn to long term buy mode if the resistance levels […]
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