USD/INR closed well below 71.29 (Thu’s low) on Friday, validating the repeated rejection at the 100-day moving average (MA) hurdle and Thursday’s bearish marubozu candle. The pair, therefore, risks falling to 70.86 (Jan. 31 low) this week. A close below that level would only bolster the bearish setup and expose the support lined up at 70.52 (Jan. 3 high). Bearish pressures would weaken if the spot finds acceptance above 71.29. The outlook would turn bullish above the 100-day moving average (MA), currently at 71.76. Daily chart Trend: bearish USD/INR Overview: Today Last Price: 71.245 Today Daily change: 0.0750 pips Today Daily change %: 0.11% Today Daily Open: 71.17 Trends: Daily SMA20: 71.1902 Daily SMA50: 70.8221 Daily SMA100: 71.7593 Daily SMA200: 70.3975 Levels: Previous Daily High: 71.59 Previous Daily Low: 71.015 Previous Weekly High: 71.915 Previous Weekly Low: 71.015 Previous Monthly High: 71.64 Previous Monthly Low: 69.185 Daily Fibonacci 38.2%: 71.2346 Daily Fibonacci 61.8%: 71.3704 Daily Pivot Point S1: 70.9267 Daily Pivot Point S2: 70.6833 Daily Pivot Point S3: 70.3517 Daily Pivot Point R1: 71.5017 Daily Pivot Point R2: 71.8333 Daily Pivot Point R3: 72.0767 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 Aussie pops in sync with iron-ore futures, as Chinese traders return FX Street 4 years USD/INR closed well below 71.29 (Thu's low) on Friday, validating the repeated rejection at the 100-day moving average (MA) hurdle and Thursday's bearish marubozu candle. The pair, therefore, risks falling to 70.86 (Jan. 31 low) this week. A close below that level would only bolster the bearish setup and expose the support lined up at 70.52 (Jan. 3 high). Bearish pressures would weaken if the spot finds acceptance above 71.29. The outlook would turn bullish above the 100-day moving average (MA), currently at 71.76. Daily chart Trend: bearish USD/INR Overview: Today Last Price: 71.245 … 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.
