USDINR - 31Jan2022
On the daily, price bounced and closed above the ascending trendline and Fib resistance but faced bearish pressure and pulled back last Friday. We could expect USDINR to bounce higher in the short term.
On the H4, price triggered a inverse h&s with upside target around 75.60. With the last Friday pull back, USDINR could resume upwards to its target at 75.60.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced and closed above the ascending trendline and Fib resistance but faced bearish pressure and pulled back last Friday. We could expect USDINR to bounce higher in the short term.
On the H4, price triggered a inverse h&s with upside target around 75.60. With the last Friday pull back, USDINR could resume upwards to its target at 75.60.
This is for personal record purposes only, not financial advise or solicitation of trade.