Usd inr weekly-hit 64.3 target next will be 63.5
Usd inr future this week closed at 64.52 with gain. After last six week fall dollar seen some buying as well as short covering at oversold level. Usd inr future this week high around 64.84 but still seeing supply from market at higher levels. For next week, future trading strategy remain sell on rise. On downside 64.3 and then 63.5 are swing target zones. On upside 64.85 and 65.05 are resistance zones as well as fresh short entry zones. learn about . From long term view, usdinr future achieved its 2017 bearish target of 64.8 and now heading for 63.35 levels. At end of 2017 rupee might be seen near 61 rupee if this downside long term market momentum plays out.
Eur inr weekly-hit 69 on reversal next tgt will be 70.15
Euro rupee future this week closed at 68.69 with gain on recovery rally. This was first weekly gains for euro against rupee after last 2 weeks massive sell off. Eur inr future opened below support in April series and achieved downside targets of 69 and then 68.5 rupee. On daily chart euro looking oversold and now bouncing back and hit reversal target of 69 next target will be 70.15 on fresh breakout above 69 on daily closing basis. Failure will result in downside levels of 68.3 and super bearish target of 67.2. learn aboutin currency market ? From long term view, euro rupee future achieved downside target of 68.7 rupee and below it next targets as well as support will be 66 rupee for year 2017.
Gbp inr weekly-recovering towards 81.4 resistance zone
Pound rupee future this week closed at 80.93 with gain. This was first positive week for pound after last 2 weeks strong fall and it is inching towards sub 81.4 rupee levels. On daily chart, gbp inr future price trend is down but momentum play is on recovery side which might hit 81.4 target in next week. We saw breakdown and gbp inr future hit low of 79.75 while downside bearish swing target was 79.5. Traders must watch breakout above 81.4 for big bullish run for pound. learn?
Jpy inr weekly-fresh breakdown heading towards targets 59.5 and then 60.7
Yen rupee future this week closed at 58.18 with gain. After last 2 weeks losses yen seen bullish trend breakout above 58.3 and now heading towards 59.5 target. On daily chart, yen is in uptrend and is in strong bullish momentum as we seeing every dips is getting bought. On downside 58.7 and 58.3 are support zones as well as buying zones for fresh long buyers. learn?
From long term view, jpy inr future is in downtrend and now built base around 57 and recovering towards major trend resistance of 60.7 rupees. Want on whatsapp with live market support and follow ups then today.