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 Tested above Rs54

23 sec read


[wp_ad_camp_5]

 
In an early trade on Thursday, the Indian rupee fell by 46 paise to a record low of Rs 54.17 per US dollar, breaching the Rs 54 per dollar-mark for the first time in history on sustained foreign capital outflows and dollar gains against the euro and other rivals overseas. Rupee is in buy mode since 8th August as per 13-13 EMA wilders moving average.

The domestic currency had tumbled by 48 paise to close at a record low of Rs 53.71/72 per dollar in the previous session on strong demand for the American currency and strengthening of the dollar against its rivals overseas.


httpv://www.youtube.com/watch?v=eYUAktVT610

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)

Anatomy of the Forex Market – Infographic

The foreign exchange (forex) market is a global market for buying and selling currencies. It is the largest financial market in the world, with...
Rajandran R
3 min read

USDJPY – Made a Top Formation

Finally, the USDJPY strengthening came to an end from a short-term perspective. Last Friday USJPY rallied to 151.94 levels surging past the August 1990 high...
Rajandran R
33 sec read

Dollar Index Made a Top Formation

Finally, the dollar strengthening came to an end from a short term perspective. The dollar index tracks the relative value of the U.S. dollar...
Rajandran R
32 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More