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14nov21

USDINR - 15Nov2021USDINR - 15Nov2021 On the daily time frame, USDINR failed to continue its bullish momentum after a failed breakout 2 weeks ago. Last week price action also closed below 50MA indicating potential further downside. On the H4 timeframe, prices have played out in the previous H&S perfectly. Now it is facing bearish pressure from the descending trendline in which we could expect it to drop to1st Support at 74.1335. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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