USDINR Divergence and Fisher Transform

USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals when comes to discretionary trading.

Current Divergence in USDINR on the daily timeframe with positive crossover indicates a high probable turning point which makes us to speculate towards the previous swing point reference 67.25 and 67.4 levels.

Check out how the USDINR Divergence behaved last time
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