Dollar to Rupee Future Forecast

USDINR Expected/Upcoming movement this month Hello,  Good morning friends. This is Manish over here from Forexblues.com, save money earn money.  So let's go directly to the USDINR viewpoint today morning. Here you can see the daily chart of USD INR, and the daily candles, probably I feel like It should go a bit higher and if you see the other technical apart from the candles like MACD & the RSI it is indicating that it will be increasing upside. In the chart, the first point of resistance would be something around 75.50 and the next level would be around 76 or 75.92. I remember it was the resistance point last time I said. We are asking all the exporters to go for at least 50% booking at 75.50 positions. In fact, you can start booking from right now at 75.20 around, go for forward contracts up to 40%, or even 50% is recommended. I am just telling it because if you see the weekly chart then you will find that the overall trend of the week is the downside whic...

Hello Friends,  I am Manish over here from forexblues.com - save money earn money. I hope everyone is doing fine & safe in this period of COVID-19 . Today we are going to see We have presented the chart for USDINR in four hours’ time frame. Here we see a breakdown directly from 75.40 crossing 75.00 levels and hitting 74.63 which is at 4 months low since February before Coronavirus Lockdown of the country. This event happened due to the fundamental news coming from the pharma company like Pfizer and a German biotech medicine manufacturer announcing the success of 1st round of human trials and entering 2nd round of their trials which has shown positive signs in Covid19 vaccine development. Also an Indian company Bharat Biotech International Limited (BBIL) in a collaborative effort with the ICMR- National Institute of Virology, Pune India jointly working has announced entering the human trials of the Covid-19 vaccines and envisaged to launch the vaccine for public healt...