Dollar to Rupee Future Forecast

 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.