Advertisement
Advertisement
BREAKING NEWS : $100 No Deposit Bonus Hurry up, Join Now!
Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading
Advertisement binary

USD/INR Price News: Bulls in control and eye 74 the figure

Written by By Ross J Burland | 2021-09-15 01:23:02 GMT
  • USD/INR bulls sit tight at the 38.2% ratio and wait to target the 74 figure. 
  • On the flip side, a break of support opens risk of a test 73 the figure. 

USD/INR has moved higher and broken out of the range that was bounded by the 10 and 21 EMAs the prior day.

The pair has moved up from a 38.2% Fibonacci retracement level following a touch of the 50% mean reversion.

The following illustrates the progress since the prior day's daily chart.

USD/INR prior analysis

USD/INR live market

Bulls eye the daily resistance and old daily support near 74 the figure. The 74 figure meets the prior daily support ahead of the 74.50s.

On the flipside, 73.16 will be eyed ahead of dynamic trendline support on a break of 73 the figure. 

Author

By Ross J Burland
hotforex

Trade With A Regulated Broker

Broker Profile Open Account
EXNESS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP
  • Regulation : CySEC, 178/12 IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
  • EXNESS
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    InstaForex
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:1000
  • Broker Type : STP
  • Regulation : RAFMM
  • instaforex
    Tickmill
  • Offer: 30USD No Deposit Bonus
  • Minimum Deposit: 25 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FSA SD008
  • Tickmill
    OctaFx
  • Offer: 50% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011
  • OctaFx
    HotForex
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : CySEC, 183/12 FSC (Mauritius), 094286
  • HotForex

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    octafx
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP/ECN
  • Regulation : FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011
  • octafx
    XM
  • Offer: 30 USD No Deposit Bonus - 50% Deposit Bonus
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS

    Contact us
    fxvnpro@gmail.com