Eur inr future hit my tgt 73.4 next tgt 74.9
Euro rupee future this week closed with flat loss. This week euro achieved my given target of 73.4 and now retracing on profit booking. Above 73.4, euro will give bullish breakout for my next target 74.9 which can be expected in next week. On downside 73 and 72.7 are support zones on daily charts. From long term charts, euro is near major resistance of 73.45 above it euro will start bullish trend against rupee for year 2017.
Gbp inr future hit both 84.6 and 86.15 targets
Pound rupee future this week closed with gain at 85.67. Pound has achieved my given recovery target of 84.6 and then bullish breakout target of 86.15. Trend and momentum strong bullish and next week trading strategy should be buy on dips. Above 86.2, gbp inr future next target will be 88.5. From long term view, pound is recovery phase and heading towards 88.5 resistance zone.
Jpy inr future hit 60.3 target now looking weak
Yen rupee future this week closed with loss. We saw strong rally after breakout above 58.95 for target 60.3. Jpy inr future hit my given target of 60.3 and now correcting towards support zones. Below 58.95, expect deep downside for yen up to 56.95 rupee level. From long term view, yen below 60.95 will remain weak and sell for target of 53 and below.
Usd inr future below 68.05 turn bearish
future this week closed at 68.29 with gain. Usd inr future this week given high up to 68.46 but seeing supply on higher level might from RBI interventions. On downside 68.05 is major support and above it dollar will remain the king. We will see sharp downside for if closes below 68.05. On downside 67.5 will be target zone on breakdown. From long term view, usdinr is bullish and heading towards 69.5 targets. On downside 67.8 and 67.2 are support zones.