USDINR – 4 hourly chart is shown with 13-13 period Wilders Moving average channel offset trading system. Ruppee Continues with the buy signal since 8th Nov 2011 on the chart with the 4 hourly support coming around Rs. 51.7.
Rupee touched the 52.6 per dollar mark for the first time in thirty two and a half months on tuesday as domestic equities weakened and oil importers bought dollars.The rupee slid past 52.6 against the dollar in opening trades on Tuesday, dropping to its lowest level in history since march 2009.
USDINR 4 hourly chart is shown with 13-13 period Wilders Moving average. There is buy signal on the chart since 9th November as the candle closes above the upper channel Rs49.33 of the 13-13 Wilders moving average channel since then there is a strong uptrend(Weaker Currency). Now the current supports are near Rs49.0. Closing below Rs.49 could offer shorting opportunity in USDINR.
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
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.
Simple analysis on USDINR EOD charts explores the chances of rupee strengthening against dollar and also the possibilites of FII inflow into the country.
This is my first simple review with USDINR using simple trendlines Daily Charts of USDINR charts shwos the recent supports near 45.82 got broken and USDINR is trading below the support zone along with sell signal from the basic MACD. Iam Expecting rupee strengthening against dollar in coming sessions with resistance zone […]