Dollar to Rupee Future Forecast

Hello Everyone. Hope you all are doing good! Today we will discuss about the weekly forecast of USDINR from 10.04.23 to 14.04.23 quickly. On Monday, the dollar index strengthened above 102. According to the datas released last week, including jobless claims, ISM PMIs, and other indicators, the US economy is still expected to experience difficulties. The dollar is currently at 81.90, and we'll discuss  about the USDINR's weekly trend. Looking at the chart, we can see that the dollar is holding steady at the 81.70/75 level and there  is a strong support. Therefore, it will likely rebound from here, we wll observe a trend reversal and it will face resistance at  82.20 and R2 82.50/60  as per technicals.  Hope you found this short article helpful. Thanks Forexblues.com

Hello everyone, Hope you are doing good! Today we will be discussing the USDINR expected movement in the coming weeks. After a prolonged range bound price action from 83.00 to 82.40 levels, USDINR managed to break down and trend downward. Last Friday, a combination of corporate Dollar flows, bunched-up selling from exporters, and stop-loss selling from speculators drove the pair below 82.00. In the offshore, USDINR is trading near 81.70 levels on spot reference. Immediate support is near 81.70 which act as S1, but unless RBI steps in, it is unlikely that support will hold. If the support breaks we can see 81.30/40 levels which is S2. Financial year-end exporter selling and speculative short interest can drive the pair towards a more meaningful support zone near 81.00 levels on spot. In the past, RBI had shown enough interest to build reserves near 81.00 levels.  On the Upside we expect USDINR to face resistance on 82.10/15 levels which acts as R1 and next R2 would be near 82.40/50 ...

 Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is now at 52,800 level and the resistance is at that level.  Now looking into the chart, we can see that the support is at 51,100 which is S1, which means it will depreciate to this level.  The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a downward pressure, making us believe that it probably be heading towards downfall. Also if it will break this level of 51,100, it will fall straight to S2 which is at 50,000. So this will be the upcoming movement in Gold Mini Futures according to technicals.  Hope you guys like this blog. If you have any queries, please do write to us. Thanks.

 Hello everyone,   Hope you are doing good! Today we will be discussing the GBPINR expected movement in the coming weeks.   Worried about the fall in GBPINR. It has weakened to 37-Year low and continued to depreciate to below $1.14, the lowest since 1985 as more data point to a looming recession in the UK, GBPINR at 91.00 level right now.   As per the technical, we can clearly observe that it is continuously falling from 101.00 level since Feb 2022, following a channel pattern showing a clear sign of weakness.   Retail sales in the UK sank 1.6% MoM in August, the biggest decline so far this year which also resulted in the cause of depreciation of the sterling. The immediate support is at 90.50 level. Now what can happen next ?   Will it continue to depreciate or can bounce back to 91 or 92.00 level? Well, this we can conclude from the technicals. Taking other parameters into consideration, RSI is at 23.60 level , Stochastic RSI is about ...

  Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is at 50,000 level right now. And the resistance is at 52,500 level, where it has started depreciating to 50,000 level. Now looking into the chart, we can see that the support is at 49800 which is S1, which means  it will depreciate to this level.  The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a downward pressure, making us believe that it probably be heading towards downfall. Also  if it will break this level of 49,800, it will fall straight to S2 which is at 47,000. Now what if it doesn't break the Support1? The answer to this is it will bounce back to R1 which is 52,500 level in the longer run. Hope you guys like this blog. If you have any queries, please do write to us. Thanks.  

 Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is at 52,200 level right now. And it has already touched the 52,500 level . As we can see in the chart, It is following a channel pattern and taking a downturn from now onwards. The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a reversal in trend which means it is going for a downfall soon. Now, what level will it fall? Here, in the chart, we can clearly see that it is depreciating from 52,500 level and the support is at 49,500 level. Hence we can conclude that Gold will be falling from 52,500 level to 49,500 soon.  Now the question is how long will it take to complete the run. Well, If we look at the channel line of gold since February 2022, here we can find that it is range bound between 52,500 - 49,500 levels and this run can take place probably in the next 2.5 months.  Hope you guys like this blog. If you have any ...