As shown in the Graph
– This is the weekly graph directly derived from Odin Diet software from Nirmal Bang Broker
– In the previous sections we have already learned how to use odien diet for Currency Trading?
Weekly Forex Trading Chart India USDINR pair
- As shown in the above figure market is holding the resistance position and it is clearly seen as up-trend.
- Expected to continue with uptrend for this week Support level is 54.175 market will reach to this point by Friday.
Daily Forex Chart USDINR pair
- If you go through the daily char with technical analysis, It is seen that market is very volatile
- And it will continue to be volatile through out the franhisee.
EUR/USD – Heavy Down trend
- So $ position is strong
- So we cann’t stop the Up-trend for USDINR pair
- Only either RBI bank or central bank will come into the picture to stop the USDINR uptrend
- News are expected the $ to grouw beyond rupees 55
- This is the best chance to keep your position in buy on HOLD & keep taking partial profit.