NSE EURINR future analysis for 15 to 19 june 2015
NSE euro rupee future last closed at 71.84 with loss. That was 6th losing session for euro. On daily chart euro still in uptrend and trading above month and 3 month averages with sell signal on indicators and corrective patterns on price. For next week, eur inr support zone will be 70.9 which is also target for this corrective move. On upside 72.4 is strong resistance. Short sellers must keep tight stop loss above 72.4 for 70.9 and below targets in next week. On euro zone crisis euro can tumble up to 69 in no time so stay short with strict GTC stop loss in system.
NSE GBPINR future analysis for 15 to 19 june 2015
NSE pound rupee future on Friday closed at 99.49 with gains. On daily chart, UK pound is in strong uptrend against Indian rupee. Pound is trading way above 1 and 3 month averages with fresh buy or breakout signal on indicators and oscillators. This week gbp inr future closed with gains. This was second weekly gains for sterling. This week gbpinr low was at 97.82 while high at 99.65. Total 1.8 rupee or almost 2% weekly range and another positive closing on weak rupee.
For next week, gbp inr future target will be 100.6 and 98.3 is support. For long traders stop loss must remain below 98.3.
NSE JPYINR future analysis for 15 to 19 june 2015
NSE yen rupee future on last trading session closed at 51.97 with gains. On daily chart yen is closed at its 1 month average but still trading below 3 month average with strong recovery patterns on price as well as indicators/oscillators. This week yen rallied against rupee and closed with strong gains. This week jpy inr future low was at 51.18 while high was at 52.33. Total 1.2 rupee or more than 2% gains in week for Japanese yen. For next week, 52.5 is strong resistance and this recovery rally might continue up to it. If jpy inr gives daily closing above 52.5 on price and volume actin consider it as trend change breakout for yen and go long for target 53.45 and above with stop loss at 52. Reversal from 52.5 means primary trend is still intact and yen might hit new low around 50.8.
NSE USDINR future analysis for 15 to 19 june 2015
NSE USD INR future closed at 64.26 with gains on Friday’s trading session. Us dollar is still strong and maintaining itself above 1 month average support which is strong bullish accumulation sign suggesting bull run in short terms. On daily chart, 64 is 1 month average for dollar rupee future and 63.5 is 3 month average support. On upside 64.65 and 65.2 are strong resistances as well as target levels for next week.
Short term traders above 64 keep long view with strict stop loss in place. For medium term traders 63.5 is support and stop loss must remain below it for medium term long traders for target 65.2.
This week usd inr closed with flat loss. This was second weekly flat loss for us dollar suggesting consolidation on weekly chart before next move. Long term targets still intact at 65+.