USDINR is at new Highs; Problem for Stock Market and Traders!

  • Market Overview
  • Editors Pick

Whenever USDINR reaches a new high, it never ends well for the global markets, which include the Indian Stock markets as well.

Again, we are seeing a similar price action in USDINR right now. It means we may see more volatility in the financial markets in the upcoming days.

Take a look at the Price Action Analysis of USDINR on the 1D Chart

USDINR Price Action Trading Outlook on Daily Timeframe
Well, this is the most important chart that traders should be looking at right now! But unfortunately, not many are paying attention to this!

Currently, USDINR is trading at 77.50 and by looking at the Lower time frame Price Action; we can observe that RBI is indirectly intervening in the markets to tame down the wild currency fluctuations.

If USDINR continues to make new highs, the Stock Market could become even more volatile and things could go south from here!

Traders should keep an eye on the Price Action of USDINR and watch out for any signs of trouble.

In case you like to know how to analyze the markets with proper Price Action Techniques, Just like in the chart of USDINR, take a look at the video given below.

Original Post

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  • xtemp abc @xtemp abc
    There are reasons for recession in US & Europian markets. India is strong enough by economy and not all those reasons applicable to India. You will see upward results in June/July onwards.If you couldn’t exit then hold and have patience for Indian stock market.
    Like 1
  • Jai Hind @Jai Hind
    Should we sell ??!! Icici has lost so much of my money
    Like 0
  • MANISH TANEJA @MANISH TANEJA
    He is pnly trying to male money from his platform . Rubbish
    Like 1
  • xtemp abc @xtemp abc
    Hey Carrick Fergus, stop marketing at this platform else go to hel…. .
    Like 1
  • Bharat Chavan @Bharat Chavan
    Dollar Index is nearing the Monthly Supply.
    Like 1
    • Bharat Chavan @Bharat Chavan
      It may react from 110 to 116 levels.
      Like 0
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  • xtemp abc @xtemp abc
    RBI is little late by one month (approx) to announce the reverse repo rate reduction by 40 basis. Further, if the reverse repo rate was announced timely then it should be 45 basis.
    Like 0
  • xtemp abc @xtemp abc
    Dollar will hit 79 on last week of May 2022 on Thursday/FrIday.
    Like 1
  • Madhugunjan Kalita @Madhugunjan Kalita
    Dollar may hit 78 ! Is it?
    Like 0
    • xtemp abc @xtemp abc
      Hit 79
      Like 0
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