USD/INR Price News: Indian Rupee buyers flex muscles with eyes on 81.50
24.11.2022, 04:27

USD/INR Price News: Indian Rupee buyers flex muscles with eyes on 81.50

  • USD/INR holds lower ground near intraday bottom after two-day downtrend.
  • Clear break of two-week-old ascending trend line favors intraday sellers to aim for 50-SMA.
  • 200-SMA acts as an extra filter towards the north.

USD/INR remains pressured for the third consecutive day, holding lower ground near the intraday bottom of 81.60 during early Thursday in Europe.

In doing so, the Indian Rupee (INR) pair justifies the previous day’s downside break of the fortnight-old support line, now resistance near 81.90.

Also keeping the USD/INR bears hopeful is the pair’s sustained trading below the 200-SMA, as well as the bearish MACD signals.

As a result, the quote is well-set to test the 50-SMA support of 81.50 during the immediate downside.

Following that, the early November swing low near 81.15 and the 81.00 round figure could entertain the pair sellers before highlighting the monthly trough near 80.40.

On the upside, a successful break of the 81.90 support-turned-resistance can direct USD/INR toward the 200-SMA level of 82.05.

Even if the quote remains firmer past 82.05, the 61.8% Fibonacci retracement level, also known as the golden ratio, of the pair’s October-November downside around 82.30 will be in the spotlight.

It’s worth mentioning that a five-week-old descending trend line near 82.85 acts as the last defense of the USD/INR bears.

USD/INR: Four-hour chart

Trend: Further downside 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik