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)

USDINR – Medium Term Technical Outlook

33 sec read

Just like any other Emerging Market currency – USDINR also depreciated since the start of the year 2018. The recent Debt crisis in Argentina, Turkey and Brazil. The unexpected lift in dollar US FED rates made dollar attractive and Emerging markets are witnessing a big EM assets outflow as global investors started pulling their money from Emerging Markets.

USDINR – Yearly Profile

Technically, USDINR yearly profile structure is showing old money getting out of the system and more depreciation likely in the near term. If you notice carefully, all the last 3 years high is very close to the each other.

Year Year High
2016 68.96
2017 68.53
2018 68.66

USDINR – Quarterly Profile

Quarterly profile is showing more depreciation odds as the value started building higher compared to the last 4 previous quarters. In medium term 66.6 could act as a potential support zone. USDINR might hit fresh all-time high in the upcoming quarter July – Sep 2018 period possibly testing 70 handle in USDINR.

USD Index

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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