- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/INR Price Analysis: Double top, RSI divergence tease Indian rupee buyers below 78.00
USD/INR Price Analysis: Double top, RSI divergence tease Indian rupee buyers below 78.00
- USD/INR again slips after refreshing all-time high, renews daily low of late.
- Bearish RSI divergence hints at further declines but “Double Top” confirmation needed to convince sellers.
- 50-SMA, weekly support line act as extra downside filters.
USD/INR takes offers to renew intraday low around 77.65, after refreshing the all-time peak with 78.03 earlier in the day, as the US dollar struggles to keep recent gains amid cautious optimism.
In doing so, the Indian rupee (INR) pair portrays a “Double Top” bearish chart pattern on the four-hour play during early Thursday morning in Europe.
Not only the “Double Top” but bearish RSI divergence, identified when RSI prints lower-high even if prices make higher-high, also keep USD/INR bears hopeful.
However, a clear downside break of the latest low near 77.33 becomes necessary to confirm the bearish chart formation.
Ahead of that, the 50-SMA and a one-week-old rising trend line, respectively around 77.48 and 77.38, challenge the USD/INR pair sellers.
Meanwhile, recovery moves need a clear run-up beyond the 78.00 threshold, also crossing the latest high of 78.03, to reject the bearish chart formation.
It’s worth noting that the RSI should also accompany the jump in the prices to direct USD/INR bulls toward the 80.00 psychological magnet.
USD/INR: Four-hour chart
Trend: Pullback expected
© 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
