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USD/INR: Expect Higher Levels To Be Tested

21 Feb 2018 9:38 am
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Report for Date: 21/02/2018


USD/INR: Expect Higher Levels To Be Tested

A sharp upside has seen post consolidation in daily chart of USD prices against Indian Rupee.

The recent movement has added more confidence in the view of USD prices bottoming out and a rally may be seen in coming sessions.

Expect Higher Range of 65.20 – 66.30 to be tested in coming sessions.

TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Expect An Upside 64.85 64.12 UP 64.21 16.02 64.11 64.56 64.70 65.00 65.44


*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
69.1 21.4 92 67.6 0 55.0 43.86 17.94








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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