Home USD/INR Technical Analysis: Focus on today’s close
FXStreet News

USD/INR Technical Analysis: Focus on today’s close

FX Street
Published date:
  • Wednesday’s Doji candle has invalidated the immediate bullish setup.  
  • Doji’s low of 70.91 is the level to defend for the bulls.  

USD/INR created a Doji candle on Wednesday, signaling indecision in the market place.  

The Doji has invalidated the immediate bullish view put forward by the hammer candle created on Dec. 13 and made Thursday’s close pivotal.  

The recent lows near 70.44 could come into play if the pair ends Thursday below 70.91 (Wednesday’s low), confirming a bearish Doji reversal.  

A close above Wednesday’s high of 71.16 would imply a continuation of the rally from 70.44.  

Daily chart

Trend: Neutral

Technical levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026