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usdinr

EURUSD – Weekly Outlook & Analysis for 12th August 2022

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 […]

USDINR – Weekly Outlook & Analysis for 5th August 2022

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 […]

USDINR – Weekly Outlook & Analysis for 8th July 2022

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 […]

USDINR – Weekly Outlook & Analysis for 11th June 2022

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 […]

USDINR – Weekly Outlook & Analysis for 19th May 2022

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 […]

USDINR – Weekly Outlook & Analysis for 29th April 2022

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 […]

USDINR – Weekly Outlook & Analysis for 10th April 2022

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 – Weekly Outlook & Analysis for 25th Feb 2022

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 – Weekly Outlook & Analysis for 5th Feb 2022

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 – Weekly Outlook & Analysis for 17th Dec 2021

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 […]