2026-08-29 · FOREX
US Dollar / Rupee (USD/INR) Daily Analysis
HOLD
40% confidence · 95.36 INR
TREND
The USD/INR daily chart shows a mixed trend with MACD at -0.11 indicating bearish momentum, while the price is above EMA9 at 95.31 but below EMA21 at 95.42 and EMA50 at 95.41.
SUMMARY
Yesterday's signal was a BUY at 95.53 INR (65% confidence). Since then, the price has moved lower to 95.36 INR, indicating the previous bullish momentum did not sustain. Today's analysis suggests a HOLD signal, a flip from yesterday's BUY, due to conflicting indicators and low confidence. While the price is holding just above the EMA9 and the middle Bollinger Band, suggesting some short-term support, the MACD remains bearish at -0.11 and the price is below the key EMA21 and EMA50, indicating underlying bearish pressure. RSI is neutral at 49.09, further contributing to the indecision.
SUPPORT
93.55
RESISTANCE
95.83
TIMEFRAME BIAS
The short-term bias is slightly bullish as the price is above EMA9, but the mid-term bias remains bearish with the price below EMA21 and EMA50.
PATTERNS
No significant patterns detected