Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/INR New York Price Analysis: US dollar trading below the 71.60 level vs. rupee

  • USD/INR stays trapped in a sideways market on the third day of the week.
  • The level to beat for sellers is the 71.20 support. 
 

USD/INR weekly chart

 
After the 2018 bull-market, USD/INR has been consolidating in a rectangle formation. The quote is trading above its main weekly simple moving averages (SMAs), suggesting a bullish momentum in the long term.  
 

USD/INR daily chart

 
USD/INR broke below a bear flag formation and bounced from the 71.20 support level to have a retest of 71.60 resistance on many occasions. USD/INR stays trapped in a tight range market while remaining vulnerable below the 71.60/72.00 resistance zone. However, a daily close above the 72.00 psychological level could likely invalidate the bearish scenario and generates further upside towards the 72.40 level. 
   

Additional key levels

 

PBoC: Size and duration of coronavirus impact on economy will be limited

Novel coronavirus outbreak will have a certain impact on China's economy but the size and duration will be limited, the People's Bank of China’s (PBoC
Read more Previous

USD/CHF Price Analysis: Rising wedge hints a possible reversal from 2-month tops

The USD/CHF pair edged higher through the mid-European session on Wednesday and touched a fresh two-month high level of 0.9844, albeit lacked any stro
Read more Next