
@moneyandcharts
YouTube
Avg. Quality
80
Success Rate
11.67
Analysis
60
Correct
7
Fail
25
Pending
28
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail

USDINR
Entry
87.4894
2025-08-02
12:48 UTC
Target
89.5700
Fail
86.9300
In 2 Weeks
Risk / Reward
1 : 4
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Final PnL
-0.64%
P/L: —
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Body
The analysis reviews the technical outlook for several USD crosses against Asian currencies. It indicates a likely strengthening of the US dollar against major currencies like EUR, GBP, JPY, CHF, CNH, and SGD, and focuses on new coverages including USDINR, USDIDR, USDMYR, USDTHB, and USDKRW. USDINR has completed a head and shoulders bottom pattern, targeting 89.57, but faces resistance at 88.00. USDIDR has completed a descending triangle, broken in the bullish direction, with a target of 16814, facing resistance at 16586 and 16494. USDMYR also completed a descending triangle in the bullish direction with a target of 4.3957, facing resistance at 4.3354 and 4.2931. USDTHB has completed a falling wedge and is expected to bounce off a resistance trend line, targeting 33.55, with resistance at 33.05, a downward correction expected before the uptrend. USDKRW completed a double bottom, targeting 1434, with potential resistance at 1420.