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Price Action Highlights – USDINR at New Highs – Problem for Stocks!

In my previous contents on Intermarket relationships, I have already highlighted the relationship between USDINR and Nifty 50 several times.

Whenever USDINR reaches a new high, it never ends well for the global markets, which include Indian Stock markets as well.

Again, we are seeing a similar price action in USDINR right now.  It means we may see more volatility in the financial markets in upcoming days.

Take a look at the Price Action Analysis of USDINR on the 1D Chart

USDINR Price Action Trading Outlook on Daily Timeframe

USDINR Price Action is a Problem for the Markets

Well, this is the most important chart that traders should be looking at right now! But unfortunately, not many are paying attention to this!

Currently, USDINR is trading at 77.50 and by looking at the Lower time frame Price Action; we can observe that RBI is indirectly intervening in the markets to tame down the wild currency fluctuations.

If USDINR continues to make new highs, the Stock Market could become even more volatile and things could go south from here!

Traders should keep an eye on the Price Action of USDINR and watch out for any signs of trouble. In case if you like to know how to analyze the markets with proper Price Action Techniques, Just like in the chart of USDINR, take a look at the video given below.

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