USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness

2024-02-14 10:36:38 am | Source: HDFC Securities

USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness - HDFC Securities

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USDINR:

Technical Observations:

USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness.

Momentum Oscillator, RSI of 14 days period is pierced below 50 and MA

MACD has been placed below a zero line and flattened.

Minor short buildup has been seen as the price declined 0.01% while OI gained 2.5%

Short Term Trend: Sideways

Expected Trading Range: 83.30 to 82.92

Intraday Recommendation: Buy USDINR Feb. Fut. at 83.10/83.01 SL 82.95 Target 83.30

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USDINR February futures ended slightly below 10 DEMA and formed a Doji candlestick pattern, exhibiting indecisiveness - HDFC Securities

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