USDINR hourly charts are currently in positional sell mode with resistance come around 63.373. Reverse your position to Buy mode is the resistance breaks on the hourly charts. There is a hope that the Iran nuclear deal with world powers may lower the crude oil prices, which may support currency to gain strength further against dollar.
Rajandran R Follow 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)
USDINR December Futures Outlook – I
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