Sep 06 2017

Sell USDINR at 64.30 for a target of 64.00

Posted Date:-06-Sep-2017

USDINR:-Analysing the 4-hour frequency chart of USDINR is showing a formation of “Symmetric Triangle”. A pattern in which the outcome is dependent on either side range breakout, whether it is upside or downside. In the current scenario the pair USDINR is trading in between the range of symmetrical triangle pattern, and we suggest to sell the pair at upper resistance band of around 64.30-33.14-Day Relative strength index is at 60 mark close to its overbought region.

Trade Idea:- Sell USDINR at 64.30 for a target of 64.00 with a stop-loss of 64.40.

Good Luck…!