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 Hourly Future Charts March Overview – I The recent strengthening of the USDINR currency is due to the continuous buying of FII's for the past 15 days into India Equity Market. Interestingly FII's are the net buyers for the past 4 months...
  • USDINR Long term Charts Overview USDINR daily charts are shown with Intratrend indicator. Currently charts are in sell mode since September 2013 and the long term resistance zone comes near 63.19. Breaking this 63.19 on EOD basis ...
  • USDINR trend analysis using Andrew Pitchfork USDINR trend turns up on weekly basis.  USDINR close above WHEMA.  Next trend line hurdle near 55.30.  Close above that TL breakout possible.  RSI breakout gives early indication.
  • MCX Currency Futures – Positional Hourly Charts – Auto Update From now onwards you can view Four Pairs of MCX INR Cross Currencies (MCX USDINR, MCX EURINR, MCX GBPINR, MCX JPYINR) - Positional Hourly Charts Auto Updated everyday after market hours i.e most pr...
Rajandran R

Rajandran is a trading strategy designer and founder of Marketcalls, a hugely popular trading site since 2007 and one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies. More From Rajandran R »

1 comment… add one

  • Ahteshyam November 14, 2013, 1:09 pm

    please see the all

    Reply

Leave a Comment

Follow Us

Recommend on Google

About the Author

    • Rajandran is a Market Analyst and founder of Marketcalls, one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies.