Tomorrow’s Forex Forecast USDINR Currency Trading In India
As per Indian professional traders and bankers yesterday RBI intervened into the Indian Market, the intervention is not major or significant. RBI has already told bankers to do not hold their positions in the Forex Trading. So the high demand of $ would be because of Importers. And here we can’t keep track of how to stop or delay Import orders.So till some good news in the market comes, We are expecting depreciation in Rupee Value. But already rupee is at it’s peak value & struggling to form a trend ..So be careful while trading in this zone.
- On Daily trade It looks like a wage pattern
- Market will open down ward and expected to achieve 1st Short sell target at 56.00
- Other wise If it opens above the previous high .. Expected to maintain the Bullish trend… And will continue till 57.00
.. Expected to be a bullish trend for today, As channel is broken and will continue to go in Up trend after retest or retrace of previous high.
All those who have decided OR want to change their living, want to be financially free using Currency Trading Concept(Part Time Job).. Please join free here below.