Introduction From the forex platform, we can see that the US dollar continues to get stronger and it is creating a new high on the trading platform. The Reserve bank of India has been selling dollars to manage the volatility in the market which is affecting the Indian currency India’s Fundamentals The Indian Forex reserves […]
Introduction The week’s trading activities will bring volatility across forex platforms as the non-farm payroll data will be released with other important fundamentals from the US economy activities. The market will react in favor of the dollar if the employment status continues to add jobs to the county employment data for a healthy economy. India’s […]
Introduction The Junes CPI report saw the inflation rate hitting 40 years high, a major concern to the forex brokers and investors. A sign of relief came into the market when the inflation data came out softer than expected when July’s CPI data was released. Market analysts believe that the Federal Reserves are still struggling […]
Introduction The market started on a slower note for the dollar index on the Indian forex platform as Pelosi plans to arrive in Taiwan against the Chinese threat to the people of Taiwan. However, the dollar has lost some steam having reached the high of 80.00 during last month’s trading activities entering into the new […]
Introduction The outcome of the FOMC meeting will influence the pair on the India forex platforms as traders and investors will want to be in the right direction when the outcome of the meeting is released. The analyst expects the interest rate to be increased as the Fed plans to reach 75bps in 2022. India’s […]
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. […]