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Dollar Rupee Analysis

Worry and Fear arent created by lack of things; rather they are created by how we think!
We at NTD Trading believe that at the current juncture, the fear is overdone !



Supporting Rupee Appreciation: Brent Oil

Our Strategy has been supported by Brent which has been in Sell for last 3 months on our automated strategies. It suggests that upside is capped in Brent up to 110(in the worst scenario) and weekly close below 99 will give a further confirmation of Brent gaining momentum downwards till 80 and further upto 65-67 which is our ultimate target. We will not be surprised to see if Brent trades at a steep discount to WTI Crude.

Note: Brent has also been following similar pattern of RSI divergence. Please refer to the chart shown below.


Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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