Hi guys,
Currently, USDINR is in downtrend as per my analysis the dollar can go further down. So my idea is we can go short in USDINR. Once USDINR reaching at Trendline Resistance.
We can hold this position till end of this month or next month to get better results.
The etiology why dollar can go further down is;
1. Fed will stop raising interest rates in futures.
2. US may enters into recession period that will directly impact on US GDP.
3. Indian economy is outperforming compare to US economies.
Thanks.
Amit sharma
For more post gives a upvote.
Currently, USDINR is in downtrend as per my analysis the dollar can go further down. So my idea is we can go short in USDINR. Once USDINR reaching at Trendline Resistance.
We can hold this position till end of this month or next month to get better results.
The etiology why dollar can go further down is;
1. Fed will stop raising interest rates in futures.
2. US may enters into recession period that will directly impact on US GDP.
3. Indian economy is outperforming compare to US economies.
Thanks.
Amit sharma
For more post gives a upvote.
