US Dollar / Rupee (USD/INR) Daily Analysis

HOLD

45% confidence · 95.36 INR

The USD/INR daily chart shows a mixed trend with price at 95.36 trading above EMA9 (95.3) but below EMA21 (95.43) and EMA50 (95.42), while RSI is neutral at 50.12 and MACD indicates a bearish momentum at -0.11.

USD/INR maintains a HOLD signal today at 95.36 INR, consistent with yesterday's stance at 95.38 INR, despite a slight 0.02 INR dip. The market remains in a state of indecision, as evidenced by the neutral Doji and Spinning Top patterns. While the price is just above EMA9 at 95.3, it trades below the EMA21 (95.43) and EMA50 (95.42), indicating a lack of clear directional momentum. The RSI is neutral at 50.12, and the MACD remains bearish at -0.11, reinforcing the cautious outlook. Today's confidence has weakened to 45% from yesterday's 60%.

Short-term bias is neutral due to indecisive patterns, while the medium-term bias leans bearish as price remains below EMA50.

Doji: Indecision — market at crossroads | Spinning Top: Indecision between buyers and sellers