Forex strategy for 3 June 2014

Forex strategy for 3 June 2014

Forex strategy for 3 June 2014

 

USDINR June expiry future last closed at 59.35 with 4 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 59.52 while low was 59.29. Total 23-paisa intraday range and closed with gain. For tomorrow, below 59.6 stay short for intraday.

 

EURINR June future last closed at 80.77 with gain of 2 paisa. In Intraday MCX-SX Euro-rupee future hit high at 81.11 while low was 80.68. Total almost 43-paisa intraday range and closed with gain. Euro for intraday below 81 rupee remain sell.

 

GBPINR June expiry future last closed at 99.4 with gain of 6 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.66 while low was at 99.00. Total 66-paisa intraday range and closed with gain. For tomorrow, stay below 99.8 stay short.

 

JPYINR June expiry future last closed at 58.14 with 24 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.34 while low was at 58.12. Total 22-paisa intraday range and closed with loss. Yen below 58.5 remain sell on rise for target 57.5.

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