Weekly eur inr future tips for 21 to 25 November 2016
Euro rupee future this week closed at 72.95 with flat gains. Euro on downside almost achieved my given target of 72.5 with low of 72.65. Now eur inr future is in bottoming out process and from here expect upside for euro. For next week euro rupee future remain bullish for recovery phase. Trend is down but euro is oversold and will bounce back on value buying as well as on short covering. On upside 73 and 73.82 are my recovery move target which can be expected in next week. After last week’s mammoth volatility, euro was trading in short range in this week which also support bottoming out theory.
Weekly gbp inr future tips for 21 to 25 November 2016
Pound rupee future this week closed with gain. This was third positive week for pound against rupee. In these 3 weeks gbp rallied from low of 82 to almost highs of 85. For next week, gbp inr future above 83.4 remain bullish and buy on dips. On upside 85.45 and then 87 are my target zones. Currency traders keep buy and accumulate view on pound and keep weekly targets at 85.45 and above it at 87.
Weekly jpy inr future tips for 21 to 25 November 2016
Yen rupee future this week closed at 61.8 with loss. Jpy inr future after achieving my given upside target of 65.45, given strong corrective move and also achieved all downside targets of 64.55 then 63 and in last 62. Below 62, yen will be super bearish and absolute sell for targets 60.5 and 59.5. For next week, forex traders below 62, keep short view for yen rupee future with strict stop loss for target 60.5 and then 59.5. Long term chart also suggesting same target for yen in medium terms.
Weekly usd inr future tips for 21 to 25 November 2016
Dollar rupee future this week closed with heavy gains at 68.18. On upside usd inr future achieved all bullish to super bullish targets. After breakout above 66.95, usd inr future hit targets of 67.3-67.6-67.9 and last 68.2. Now dollar is super bullish but overbought. So risky traders and investors keep sell on rise view as market are bottoming out and RBI will intervene on higher levels. Traders can expect 67.9 then 67.6 as corrective target for this currency pair.