USDINR
USDINR faced resistance near the falling trendline from the 2020 top,
it came close to touching it but turned lower,
also hit has broken down recent support trendline too,
another move to the bottom end of the triangle near 72.47 should develop,
if this triangle is complete as presumed then we should break below 72.47, and that would be b d trendline and it can make it more bearish.
Key Levels are Mentioned on chart
Wave Structure
Trendline breakdown
Macd in daily negative and crossed under zero line
Rsi in daily below 40 and down tick
Lower bollinger band challenged in daily time frame
Dmi adx also Negative ungli
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
it came close to touching it but turned lower,
also hit has broken down recent support trendline too,
another move to the bottom end of the triangle near 72.47 should develop,
if this triangle is complete as presumed then we should break below 72.47, and that would be b d trendline and it can make it more bearish.
Key Levels are Mentioned on chart
Wave Structure
Trendline breakdown
Macd in daily negative and crossed under zero line
Rsi in daily below 40 and down tick
Lower bollinger band challenged in daily time frame
Dmi adx also Negative ungli
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Note
Note
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.