Indian Rupee Price Prediction

Indian Rupee Technical Analysis Today: USDINR Bounce From 110 to 110.5 Plays Out, What Comes Next for the Rupee Price Prediction

INR Price Prediction via the Following Technical Analysis Video

In today’s Indian Rupee technical analysis, we revisit the USDINR 4 hour chart after last week’s prediction. The Indian rupee futures moved exactly into our forecasted range and touched the trend line right on the tick. However, the bulls are not out of the woods yet.

What we are seeing so far may still be only a leg up inside a broader potential reversal structure, not a confirmed V style reversal. Bigger reversals usually take shape through a trading range, not a straight line recovery. At the moment, we appear to be inside the next leg down within that range structure, and we continue to track the same key levels between 110 and 110.5 on the Indian rupee USD futures.

In the video below, I walk through the latest 4 hour price action, trend line structure, and what needs to happen next for a clearer directional move

Indian Rupee Price Prediction

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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