2026-09-03 · FOREX
US Dollar / Rupee (USD/INR) Daily Analysis
HOLD
30% confidence · 94.96 INR
TREND
The USD/INR is currently in a bearish trend, with the price at 94.96 INR trading below the EMA9 (95.21), EMA21 (95.35), and EMA50 (95.39), and MACD at -0.14 indicating negative momentum.
SUMMARY
The USD/INR daily chart indicates a HOLD signal with 30% confidence. This signal remains steady from yesterday's HOLD at 94.94 INR, though confidence has slightly weakened from 35%. The price has seen a marginal uptick of 0.02 INR. Despite the slight price increase, the overall technical picture remains bearish, with the MACD at -0.14 confirming negative momentum and the price trading below key EMAs (EMA9 at 95.21, EMA50 at 95.39). The RSI at 45.29 is neutral to slightly bearish, while neutral patterns like Doji and Spinning Top suggest market indecision, preventing a strong directional call.
SUPPORT
93.55
RESISTANCE
95.87
TIMEFRAME BIAS
Short-term bias is bearish due to price below EMAs and negative MACD, while long-term bias is also bearish as the price is below the EMA50.
PATTERNS
Doji: Indecision — market at crossroads | Spinning Top: Indecision between buyers and sellers