Hello all traders please be careful while trading as this is going to be Budget week & all professional traders are waiting for the results of Budget.
What is Budget – It is an annual statement that details government finances. It is the summary of revenue and expenditure of a fiscal year. It aggregates income from all sources – taxes, duties, borrowings and expenses. IT also offers estimates for the next financial year. To be represented on the last working day of February.
As there are lot may positive outcomes expected from Budget so in the forex market value INR is increased with respect to other currencies we will have to see the behavior going ahead.
You can clearly see bearish engulfing on USDINR pair – It is expected to retrace ~54.00 and then continue bearish till 53.400 next support zone. Stay tuned with strict stop loss.
**Pls Read Risk Disclosure Document Before Investing
Today’s Forex Analysis | Forex Forecast | Forex Commentary
- All those who have decided OR Want to change their living, Want to be financially free using Currency/Forex Trading Concept.
- This is the best place in the world to start making Money.
- Your own choice of Yes and No will make your Destiny!! Take time and understand What you really want from the life? And what all you are missing from your life.
- Please join free here below.