- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/INR Price News: Indian Ruppe bulls stepping in as US yields and dollar firm
USD/INR Price News: Indian Ruppe bulls stepping in as US yields and dollar firm
- USD/INR bulls move in for the kill to the M-formation's neckline.
- Resistance could see the price rejected back towards the daily support.
USD/INR is now recovering from the daily lows as the bulls step in on a stronger US dollar at the end of this week. The following illustrates the various components in play from the technical perspective. As per the prior session's analysis, it was stated that US yields and a rising US dollar could see the spice of USD/INR firm.
US yields and DXY charts
Before...
After...
DXY before...
After...
USD/INR analysis
Before...
-637703764142481868.png)
It was stated that a restest the neckline of the M-formation could lead to a lower low to the next level of support near 74.60. ''If bulls can hold the fort there, then there would be prospects of an upside continuation building from that point. Below there, however, the bulls could well suffer a significant correction from the bears.''
We are seeing this start to play out as the price heads into the neckline of the M-formation:
-637704640752583024.png)
As illustrated, the price is moving in on the resistance and if this holds, then we can expect to see supply emerge to the aforementioned support area. On the other hand, should US yield and the greenback continue higher, then the correction will likely be over and there will be probabilities of an upside extension.
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
