Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Breakout in USDINR and EURINR forex EOD charts

18 sec read

USDINR EOD Charts
CMP : Rs 46.12

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Charts of USDINR and EURINR charts are shown. Both the charts shows some sort of price action similarity. Recently both the forex cross currencies had surpassed its old highest high. And the chances are little high that the old highest high points could be support on EOD basis.

Supports for EURINR : Rs65.81
Supports for USDINR : Rs45.92

Trend could reverse in shorter term if those support zone breaks on EOD basis.

EURINR EOD charts
CMP : Rs 66.53

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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