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USD/INR: Expect Further Decline

17 Oct 2017 9:44 am
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Report for Date: 17/10/2017


USD/INR: Expect Further Decline

The USD prices against Indian rupee following a downward price-channel in daily chart.

Further decline towards 64.55 – 64.30 is expected in coming sessions.


TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Exit Long 64.70 64.99 DOWN 64.7 13.10 64.59 64.67 64.7 64.75 64.83


*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.



TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
45.8 0.0 2 -85.1 0 -22.8 36.70 5.46







Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.

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