Introduction Long term traders’ sentiment favors the upside momentum on the forex platform as the USDINR continues to print higher peaks and valleys on the weekly time frame, since 07 June last year. Last week’s bearish closing hidden inside bar suggested an accumulation of sell order, however, the bulls have shown that it’s not sufficient […]
Introduction The bullish run on the USDINR pair has broken out of the 77.00 resistance level by the previous week’s candle, the bullish trend may continue in the following weeks but the price may retest the zone on the OlympTrade forex platform before the trend continues or reverses. India’s Fundamentals The Indian authority unveiled its […]
Introduction The USDINR pair has been bullish for some weeks and the trend may likely continue as you can see on the online forex platform. India is likely to become the third-largest consumer economy by 2025 as its consumption may triple to $4 trillion based on the consumer behavior and expenditure pattern based on BCG’s […]
Introduction News about the Feds meeting will keep traders off the online forex platform until the chairman of the FOMC finishes addressing the market participants on the interest rate hike and their projection on inflation. The USDINR has been bullish for some days and the trend may likely continue. India’s Fundamentals The Indian households across […]
USDINR Forecast & Technical Analysis for Forex Introduction Traders’ sentiment is neutral on the OlympTrade trading platform as we can see the price around the opening price of the month. The previous trading week saw the dominance of the sellers, if the seller’s sentiment continues, we may see the price close below the psychological zone. […]
USDINR Forecast & Technical Analysis for Forex Introduction The Indian government announced plans to borrow more in 2022 and 2023 in its budget and its plans to increase spending as a means to revive the economy that has been hit by the coronavirus pandemic. The OlympTrade platform analysts saw a selloff in India’s benchmark bond […]
USDINR Forecast & Technical Analysis for Forex During the trading week, an analyst from the IMF position stated that the emerging economies must put the US interest rate hikes into consideration and prepare for it because the Federal Reserves action can come earlier and it could unsettle the forex platform making investors withdraw capital from […]
USDINR Forecast & Technical Analysis for Forex Introduction The Bullish momentum on the Indian forex platforms has overturned the seller’s pressure having broken out above the resistance levels of 75.68. The Bulls have been in control for the past weeks and they intend to ride the uptrend to a previous high of 77.00 as of […]
USDINR Forecast & Technical Analysis for Forex Introduction The Bullish momentum on the OlympTrade forex platform has not overturned the seller’s pressure for the past weeks. The chart has been slow for the past two trading weeks and many participants have not gotten the best from the pair since it was ranging. India’s Fundamentals According […]
USDINR Forecast & Technical Analysis for Forex Introduction There’s a good chance that we may see a prolonged bullish sentiment across the OlympTrade forex platform as we advance into Q4 ’21. India’s economy currently goes through a post-pandemic recovery phase. India’s Fundamentals The Indian rupee has been experiencing growth and progress in the last […]