{"id":134,"date":"2010-04-12T00:41:18","date_gmt":"2010-04-12T00:41:18","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=134"},"modified":"2010-04-12T00:43:11","modified_gmt":"2010-04-12T00:43:11","slug":"is-inr-poised-for-a-brisk-move","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2010\/04\/12\/is-inr-poised-for-a-brisk-move\/","title":{"rendered":"Is INR poised for a brisk move?"},"content":{"rendered":"<p>As can be seen from the weekly chart of INR, the currency has closed under the 200 period moving average after a period of consolidation. In Aug 2008, when INR went through a similar consolidation and closed above the 200 MA level, we saw a brisk 10% move (weakening of INR) in the next 2 months. Today, the picture is almost like an inverse mirror image (see circled region). Will the Rupee see a brisk move this time in the other direction (strengthening)?<\/p>\n<p><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/INR12Apr2010.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-133\" title=\"Rupee weekly Charts\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/INR12Apr2010-300x118.jpg\" alt=\"\" width=\"300\" height=\"118\" srcset=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/INR12Apr2010-300x118.jpg 300w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/INR12Apr2010-1024x403.jpg 1024w, https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/INR12Apr2010.jpg 1078w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Data and Chart courtesy: Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As can be seen from the weekly chart of INR, the currency has closed under the 200 period moving average after a period of consolidation. In Aug 2008, when INR went through a similar consolidation and closed above the 200 MA level, we saw a brisk 10% move (weakening of INR) in the next 2 <a href='https:\/\/www.cashthechaos.com\/blog\/2010\/04\/12\/is-inr-poised-for-a-brisk-move\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[96,11],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-currency","tag-linkedin","category-1-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":1,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"predecessor-version":[{"id":135,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/134\/revisions\/135"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}