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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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

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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