Monday, August 27, 2012

FOREX TRADING TIPS - WEEKLY OUTLOOK 27 to 31 Aug

USD-INR Weekly Recommendations :- 

USD-INR is in consolidation phase, last week USD-INR did our target 55.40/55.15 on the downside. For the coming week, 56 will act as major resistance and 55.20 will act as major support.

STRATEGY :- 

For this week, USD-INR is expected to trade range bound between 55.30 and 55.75. One should go for buy on lower level strategy, if USD-INR sustains above 55.60 it can test levels of 55.90. If USD-INR futures sustains below 55.30 then it can test the level of 55.15. Trade by keeping the strict stop losses.

Major supports for this week in USD-INR: 55.3550 and 54.9075
Major Resistances for this week in USD-INR: 55.7350 and 55.9900

EUR-INR View :-

EUR-INR is in consolidation phase. Last week EUR-INR did our target of 69.47 and closed near week’s high. For this week, 69.7875 will be the major resistance and 68.8125 will be the major support.

TRADING STRATEGY :-

For this week, EUR-INR is expected to trade range bound between 69.70 and 69. One should go for buy on lower level strategy, if EUR-INR sustains above 69.20 then above 69.5000 it can test levels of 69.7500. If EUR-INR sustains below 69.15 then it will come to levels of 68.95. Trade by keeping the strict stop losses.

Major supports for the coming week in EUR-INR: 68.8125 and 68.2300
Major Resistances for the coming week in EUR-INR: 69.7875 and 70.1800

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Tuesday, July 3, 2012

Currency Tips ~ Indian Rupee Outlook


Indian Rupee may appreciate to 50 against US dollar by March 2013: CRISIL

Indian rupee is expected to appreciate to Rs 50 a dollar by March-end 2013, from the current levels (Rs 56.3 per dollar as on June 29, 2012). The current episode of rupee depreciation is characterized by higher impact of India’s rising vulnerability and relatively lower impact of external shock. 

RUPEE CURRENT UPDATES :- The rupee gained by 25 paise to 55.18 against dollar in early trade on Tuesday at the Interbank Foreign Exchange.

Wednesday, June 20, 2012

FOREX WEEKLY TRADING TIPS 18 to 22 June

FOREX NEWS & UPDATES
¤ Dollar index off 82 mark, unemployment claims increase.
¤ Euro firm on hopes of central bank action, soft US data.
¤ Sterling supported but risks lurk as debt crisis festers.
¤ Japan keeps interest rate unchanged; safe haven appeal boosts.
¤ Indian rupee trade volatile ahead of RBI monetary policy.

USD-INR Outlook :- For this week, USD-INR is expected to trade in the range 55 and 56.25. Traders should go for sell on higher levels strategy, If USD-INR sustains below 55.50 then below 55 it can test levels of 53.80. If USD-INR sustains above 56 it can test levels of 56.20. Trade by keeping the strict stop losses.

Major supports for this week in USD-INR: 55.1700 and 54.6200
Major Resistances for this week in USD-INR: 56.1725 and 56.6250


EUR-INR Currency Trend :-
For this week, Traders should go for buy on lower levels strategy, if EUR-INR sustains above70 then it can test levels of 70.50 it can test 71. If EUR-INR sustains below 69.6500 it can test levels of 69.3000. Trade by keeping the strict stop losses.

Major supports for this week in EUR-INR: 69.7700 and 69.3350
Major Resistances for this week in EUR-INR: 70.5350 and 70.8600

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Monday, June 11, 2012

FOREX TIPS ~ Currency Weekly Trend USD/INR

USD- INR WEEKLY VIEW>>TREND (11 To 15 June)
USD-INR is in bullish phase, last week USD-INR was sustaining at lower levels but during the last trading session it witnessed a strong pullback. For this week, 56.2000 will act as major resistance and 55.1700 will act as major support. 

STRATEGY :- For thIS week, USD-INR is expected to trade in the range 55 and 56.25. Traders should go for buy on lower levels strategy, If USD-INR sustains above 55.50 then above 55.89 it can test levels of 56.10. If USD-INR sustains below 55.30 it can test levels of 55.10/54.86. Trade by keeping the strict stop losses.

Major supports for this week in USD-INR: 55.1700 and 54.6200
Major Resistances for this week in USD-INR: 56.1725 and 56.6250

EUR-INR TECHNICAL LEVELS
Major supports for this week in EUR-INR: 68.7950 and 68.2450
Major Resistances for this week in EUR-INR: 69.8400 and 70.3350

GBP-INR TREND>>LEVELS 
Major supports for this week in GBP-INR: 85.2350 and 84.5725
Major Resistances for this week in GBP-INR: 86.4300 and 86.9625

JPY-INR SUPPORT AND RESISTANCE LEVELS
Major supports for this week in JPY-INR: 69.0800 and 67.9350
Major Resistance for this week in JPY-INR: 71.6000 and 72.9750

Monday, June 4, 2012

FOREX CURRENCY TIPS



GBP/USD Buy above 1.5376    TARGET-1 1.5384  TARGET-2 1.5390
TARGET-3 1.54  STOPLOSS 1.5349

GBP/USD SELL below 1.5349   TARGET-1 1.5341 TARGET-2 1.5335
TARGET-3 1.53  STOPLOSS 1.5376


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Wednesday, May 30, 2012

FREE FOREX TRADING TIPS

FOREX NEWS AND UPDATES
1. Euro Slides Toward 2-Year Low Amid Spain Bank Concerns.
2. GBPUSD: Trading the U.K. Mortgage Approvals Report
3. Indian FX/debt factors to watch 

USD/INR OUTLOOK 
USD/INR could gain towards 56 as risk assets fall from favour because of fears about Spain's banking woes. The pair last closed at 55.67/68 per dollar. Traders will watch for any possible central bank intervention around 56 levels. In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 56.01. The USD/INR June open interest was up by 30.9% from the previous day.

USD/INR TRADING TIPS
US dollar is expected to attract some buying support on declines against the INR.Utilise the lows in the USD/INR June contract to buy above 55.89 with 56.08/56.16 and a stop loss of 55.81

Monday, May 28, 2012

Forex Tips: Currency Market Weekly Report


¤ The dollar index holds 82 as Greece exit awaited.
¤ Euro wallows at 2-year lows as EU jitters rattle markets.
¤ Sterling soft near 2-month lows against dollar; UK GDP contracts.
¤ Japanese Yen weakens against dollar as Fitch downgrades economy.
¤ Indian rupee plunges; global risk sentiment weak



USD-INR is in bullish phase, last week USD-INR May futures hit the targets 54.96/55.20/56.20 on the upside. USD-INR had completed its 261.8% retracement (56.2300). For the coming week, 56.7475 will act as major resistance and 54.5475 will act as major support.


For the upcoming week, USD-INR is expected to trade range bound between 55.30 and 56.50. Traders
should go for buy on lower levels strategy, If USD-INR sustains above 56 then it can test 56.20, any
breakout above 56.75, price will rally to 58.65 (423.6% retracement level). If USD-INR sustains below
55.30 then it can correct to levels of 55.15. If USD-INR breaks 54.50 on the downside it will negate bullish view. Trade by keeping the strict stop losses. Major supports for the coming week in USD-INR: 54.5475 and 53.5050 Major Resistances for the coming week in USD-INR: 56.7475 and 57.7850








 
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