USD/INR charted a Doji candle on Monday, neutralizing the immediate bearish view. A close above Monday’s high is needed to confirm a bullish reversal. USD/INR created a Doji candle on Monday, which comprises long wicks and a small body. The wicks represent a two-way business and the small body represents flat close. As a result, the Doji candle is considered a sign of indecision in the marketplace. USD/INR has charted a Doji candle at 3.5-month lows. As such, one may argue that the indecision is predominantly among sellers. The Doji, therefore, indicates bearish exhaustion. However, while the immediate bearish outlook stands neutralized, the outlook would turn bullish only if the pair ends Tuesday above Monday’s high of 74.8180. Alternatively, a close below Monday’s low of 74.5280 would imply a continuation of the sell-off from the June 16 high of 76.42 and shift risk in favor of a drop to 74.00. 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. View All Post By FX Street FXStreet News share Read Next Ethereum Price Prediction: ETH/USD free-falls after rejection at $245 – Confluence Detector FX Street 3 years USD/INR charted a Doji candle on Monday, neutralizing the immediate bearish view. A close above Monday's high is needed to confirm a bullish reversal. USD/INR created a Doji candle on Monday, which comprises long wicks and a small body. The wicks represent a two-way business and the small body represents flat close. As a result, the Doji candle is considered a sign of indecision in the marketplace. USD/INR has charted a Doji candle at 3.5-month lows. As such, one may argue that the indecision is predominantly among sellers. The Doji, therefore, indicates bearish exhaustion. However, while the immediate bearish outlook… 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.
