USDINR Expected Movement 2022 || Dollar Future Movement 2022|| forexblues

Hello Everyone. This is Manish over here from Forexblues.com, save money earn money. Hope you guys are doing well. So today we will be hopping into the EURINR chart directly to see the upcoming movement of Dollar .

Dollar at 73.80 level. As per the technicals we are observing that there's a strong support at this level. So will it go down straight to 73.00 or we will see a bounce back to 75 level.

Well, We can see in the chart that Dollar has continuosly fallen from the level 76.10 and then making a support at 74.00

Looking forward to the other parameters, the RSI & MACD are showing a downtrend.

Hence, we can conclude that it can change the trend if it wont break the 73.80 level following an uptrend upto 75.00.

Lets see further what movement will it rally to

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Comments

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USDINR Weekly Expected Movement 2023 - forexblues.com

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

USDINR Future Movement Mar 23

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 ...

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