USD/INR risks falling to 100-day SMA support at 74.68. Daily chart shows a bearish candlestick pattern and a failed breakout. USD/INR’s daily chart is reporting bearish developments. To start with, the pair formed a bearish marubozu candle on Thursday. It occurs when sellers control the price action from opening bell to closing bell and is reflective of strong bearish sentiment. Further, the pair has fallen back inside the symmetrical triangle, which was breached to the higher side earlier this month. Chart analysts consider failed breakout as a powerful bearish signal. The pair risks falling to the 100-day simple moving average at 74.68. On the higher side, a close above the recent high of 76.33 (June 16 high) is needed to put the bulls back into the driver’s seat. Daily chart Trend: Bearish 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 Forecast: ETH/USD settles above $230; is $250 still possible before the end of June? FX Street 2 years USD/INR risks falling to 100-day SMA support at 74.68. Daily chart shows a bearish candlestick pattern and a failed breakout. USD/INR's daily chart is reporting bearish developments. To start with, the pair formed a bearish marubozu candle on Thursday. It occurs when sellers control the price action from opening bell to closing bell and is reflective of strong bearish sentiment. Further, the pair has fallen back inside the symmetrical triangle, which was breached to the higher side earlier this month. Chart analysts consider failed breakout as a powerful bearish signal. The pair risks falling to the 100-day simple moving average… 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.
