USD/INR technical analysis: Indian Rupee may begin the week on a positive note The Indian Rupee will likely post gains on the first trading day of the week, as USD/INR’s bounce from 70.55 seems to have run out of steam. The back-to-back weekly candles with long upper shadows are indicating buyer exhaustion. The shallow bars on the MACD histogram are also echoing similar sentiments. Read more”¦ USD/INR fails to recover beyond the 10-day SMA amid cautious optimism in Asia Following its failure to provide a daily closing beyond 10-day SMA, USD/INR drops to 71.66 while heading into the European open on Monday. The price seems to have been witnessing downside pressure from the cautious optimism surrounding the Asian markets. The reason could be positive comments from the US President Donald Trump and pro-Democracy candidates leading in Hong Kong’s early election results. Also, China’s recently announced penalties for intellectual property (IP) theft has been triggering hopes for US-Sino commerce agreement. Read more… 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. View All Post By FX Street FXStreet News share Read Next China: Is GDP growth overstated? – Standard Chartered FX Street 3 years USD/INR technical analysis: Indian Rupee may begin the week on a positive note The Indian Rupee will likely post gains on the first trading day of the week, as USD/INR's bounce from 70.55 seems to have run out of steam. The back-to-back weekly candles with long upper shadows are indicating buyer exhaustion. The shallow bars on the MACD histogram are also echoing similar sentiments. Read more"¦ USD/INR fails to recover beyond the 10-day SMA amid cautious optimism in Asia Following its failure to provide a daily closing beyond 10-day SMA, USD/INR drops to 71.66 while heading into the European open… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
