Saturday, March 17, 2012

Indian Rupee Charts

Posting the INR trend charts is something that has been on my to-do list for a long time - but never got around to doing it. Well - better late than never - as they say.  I am posting daily and hourly trend charts of USDINR and GBPINR.

As can be seen from the charts:

  • Both GBPINR and USDINR have sold off enough from the  highs to mark an end to long-term bullish trend on the daily charts
  • Both GBPINR and USDINR are currently trading in a up-trend in hourly charts.
In the short term - the signals appear to be mixed for both these currency pairs, but why don't you take a look at the charts and decide for yourself.

USDINR:


USDINR Daily Compressed Trend Chart
USDINR Hourly Compressed Trend Chart


GBPINR:

GBPINR Daily Compressed Trend Chart 

GBPINR Hourly Compressed Trend Chart 



The comments and posts published in this blog are NOT trading recommendations. They can not be considered as trading calls or advices. If you decide to use the information offered here for your real trading, it is at your own risk.