dollar rupee future weekly forecast for 22 to 27 june 2015
NSE usd inr future on last trading session closed at 63.63 with loss. This week usdinr pair closed with loss. This was third losing week for us dollar on profit booking. This week usd inr high was at 64.45 while low as at 63.6. Total 85 paise weekly range and closed with loss. Weekly chart price and indicator pattern suggesting correction might continue ahead on strong rupee inflow. Below 63.6 expect downside up to 63 rupee on fresh selling. On upside 64.1 remain as strong resistance.
euro rupee future weekly forecast for 22 to 27 june 2015
NSE eur inr future this week closed at 71.87 with loss. On weekly chart, euro is in uptrend but this week closing created bearish corrective pattern on prices as well as indicators. On weekly chart this was first negative closing for euro against rupee after last 2 weeks strong gains. On chart, 72.4 is strong resistance and below it correction might continue up to 70.9. Any daily closing below 70.9 means trend change and downward cycle for euro.
pound rupee future weekly forecast for 22 to 27 june 2015
NSE gbp inr future this week closed at 100.8 with gains. This was third gaining week for UK pound against Indian rupee. This week gbpinr future low was at 99.46 while high was at 101.95. Total 1.5 rupee or 1.5% weekly range and closed with gains. In these 3 weeks period pound rallied from low of 97 to high of 102. Total 5 rupee or 5% plus move in very short time suggest strong demand for sterling in market.
On daily chart, pound is overbought and correction is due. Which might happen in next week. On downside 100.6 and 98.3 are strong support zones as well as targets of correction move.
yen rupee future weekly forecast for 22 to 27 june 2015
NSE yen rupee future this week closed with loss. This week negative closing suggesting primary trend is resumed and yen heading towards new low. Yen is trading below major averages with bearish price and indicators pattern. This week jpyinr future high was at 52.3 while low was at 51.6. Total 70 paise range and closed with loss.
Yen given reversal from major level so that was strong sell signal for future and in next week traders can expect target of 50.8 and below.