USD/INR refrains from carrying the previous upside amid bearish MACD signal. 4H 50MA, eight-day long rising trend-line become important supports for now. Not only failure to hold on to the strength after flashing the yearly high, bearish signal by MACD also favors the USD/INR pair’s pullback as it trades near 71.5750 ahead of Wednesday’s European session. However, 50-bar moving average on the four-hour chart (4H 50MA) and an upward sloping trend-line since August 09, at 71.34 and 71.27 respectively, limit the pair’s immediate declines. Should prices slip beneath 71.27, a fresh downward trajectory towards 50% Fibonacci retracement of July-end to Tuesday’s top, at 70.32 and then to 70.00 round-figure can well be anticipated. Meanwhile, 71.85 and 72.00 can entertain buyers ahead of pushing them towards December 2018 high around 72.82. USD/INR 4-hour chart Trend: Pullback expected 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 Monero technical analysis: Bulls and bears cancel each other out over the last five days FX Street 4 years USD/INR refrains from carrying the previous upside amid bearish MACD signal. 4H 50MA, eight-day long rising trend-line become important supports for now. Not only failure to hold on to the strength after flashing the yearly high, bearish signal by MACD also favors the USD/INR pair's pullback as it trades near 71.5750 ahead of Wednesday's European session. However, 50-bar moving average on the four-hour chart (4H 50MA) and an upward sloping trend-line since August 09, at 71.34 and 71.27 respectively, limit the pair's immediate declines. Should prices slip beneath 71.27, a fresh downward trajectory towards 50% Fibonacci retracement of July-end to… 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.
