Has Indian Rupee made Short term Top, Weekly Analysis

By | September 2, 2013

USD INR Hourly

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USD INR Hourly charts have pulled back from Fibo Channel and heading towards the support of 65. Holding the same bounce back can be expected. towards recent high again where it might form a double top and start its bearish journey.

USD INR Daily

usdinrdaily

USD INR chart  As par Gann Fann INR is a top of fan suggesting short term correction on cards.It has made top on Gann fan and has started its downward journey .Support exits at 64 at next gann fan level.

USD INR Weekly

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Weekly charts tried moving above the weekly trendline but failed to do so. Suggesting short term bearishness in INR.

 

USD – INR Trend Deciding Level:67

USD – INR Resistance:67.55,68.7 and 69.5

USD – INR Support:66,65.3and 64.4

Levels mentioned are USD – INR August Future

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