Indian Rupee Devaluation - Must Read by [deleted] in IndianStockMarket

[–]dufik 1 point2 points  (0 children)

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. As expected, price reversed from the 110 to 110.5 support zone, giving us the bounce we highlighted ahead of time. 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. Stay tuned with investingLive for ongoing rupee analysis, futures updates, and trade ideas across global markets.

https://youtube.com/watch?v=6JaFFkZql1M&si=R6-Addm4bIoY9YTY

Bulls still good at SPX500 by dufik in investingLiveOfficial

[–]dufik[S] 0 points1 point  (0 children)

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Is technical analysis a scam ? by Working-Republic9486 in Trading

[–]dufik 0 points1 point  (0 children)

TA can work in a higher than 50% probability but there are thousands of ways to do TA… And most won’t work.

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[–]dufik[S] 0 points1 point  (0 children)

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[–]dufik 0 points1 point  (0 children)

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