@moneyandcharts

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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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USDINR
Fail
Forex
Technical
1H
Analysis Predict Bull Market
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.
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