Technical short indication: USDINR
Updated
The conversion line moved up and intersecting from above in 3 days, below the cloud and Base trend of 48 weeks. Pure signal to enter in shorts for nearly 68.4000 but on the upside it may move to 70.08 at any day. I will update once the Bulls signals comes.
Note
In the Futures chart Hammer pattern has been found. Recommended long for 70.44 July Futures. Stop-loss can be marked below the closing of today i.e 69.29 (on the closings of Monday - Indian Markets.Note
No buy signal on spot charts. It must break 68.86 support.Note
In case if the buy signal presents on the spot and the confirmation of the hammer patter tomorrow then going long is recommended. A break and closing below 68.82 is recommended for shorts for 67.9000.
Note
The Rikshawman Doji on the Futures chart. I hope to see a rise in the pair today. Buy nearest to 68.86 with SL of 68.80 Targeting 69.2500.Note
Rikshawman Doji did not work on the futures chart as the closing was below 69.2025.There is inverted hammer on the OANDA chart of low strength.
Let's see if the price falls below 68.80 tomorrow.
Note
US Market is closed today, on the composite chart it is still at 68.8020. OANDA has shown 68.73, support broken. 68.4100 should be achieved by 5th July.
Trade closed: target reached
It has touched 68.45 in today's session, maximum 68.4100 was expected from my analysis. More from it can be seen tomorrow morning. Hopefully we will enter in Bulls zone again.I am closing my call at this price today.
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