USD INR Weekly Forecast

By | December 30, 2018

As per our Last Analysis  For coming week more rally can be seen only below 69.75 and bearishness can be seen above 70.5 for a move back to 71/71.3

USD INR Made low of 70.08 and High of 70.56 so we traded well in the range and made bottom on 21 Dec near our time cycle date of 23 Dec

As seen in below chart we are in for consolidation so range bound move will be seen.

Major Trend Change date for INR for December

  1. 05-Dec-18– Small Bottom
  2. 11-Dec-18– Top Made
  3. 23-Dec-18– Bottom on 21 Dec
  4. 29-Dec-18

Weekly Trend Change:70.24

Weekly Resistance :70.56,70.90,71.33

Weekly Support:69.90,69.40,68.99

Levels Mentioned are for JAN Contract of USD INR

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