Dollar rupee Currency futures technical analysis for 26 to 30 November 2018.
DOLLAR INR Future Daily Chart Technical Analysis
Dollar rupee future of November expiry on last trading session closed at 70.7 with loss. On daily chart Dollar rupee future price trend and momentum both are very bearish. Dollar rupee future is trading below all short term averages and heading lower in oversold zone.
Dollar rupee future hit November bearish swing target of 73.1 and 72. Now is in super bearish trend and this week hit next target of 71.2 now next level to watch will be 70.1 which can be expected in next weeks.
Dollar rupee daily chart stochastics is bearish and in oversold zones but with bearish signals. Dollar rupee daily chart MACD is below zero with early bottomed out signals.
Dollar rupee future weekly chart technical analysis
Dollar rupee future on weekly chart showing losses for this week. This was second losing week and in these 2 weeks dollar lost almost 3 rupees from the top. This week we saw almost 1.5 rupee loss.
From medium to long term view, Dollar rupee future achieved 2018’s all bullish and super bullish buy targets of 67.2 and then 70.25 and then 71.95 and lastly almost hit 75, now correcting towards them. Below 72 expect deeper correction towards major long term support of 70.2 & 67.2 rupees. And as expect dollar is moving towards them, we already saw low of 70.67 this week.
Dollar rupee future Weekly chart, stochastics indicator is with sell signal and heading lower towards oversold zones. Weekly chart MACD is below zero and given sell signal around 74.4.
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