dollar rupee weekly forecast and tips
Usd inr future this week closed with gain at 64.47. This week dollar hit low around 64.51 while low was at 63.83. Total 68 paisa weekly range and closed with gain. On weekly chart us dollar price trend and momentum strong against Indian rupee and in medium to long term targets will remain on upside.
From medium term view, dollar entered in overbought zone on weekly chart. On upside 64.8 and 65.3 are resistances. On downside, 64.05 and 63.75 are strong support zones. After correction investors can enter long in us dollar for targets 65+.
euro rupee weekly forecast and tips
Euro rupee future this week closed with gain. This was second positive weekly closing for euro against rupee. This week euro hit low around 70.3 while high was at 71.19. Total 90 paisa weekly range and closed with gain. This weekly euro closed above major averages on weekly chat suggesting trend change which is yet to get confirmed.
On weak rupee and recovering euro expect rally to continue for another 1-2 weeks. On downside 68.7 and 68.2 are strong support zones. While on upside 71.8 and 72.4 are strong medium term resistances as well as target zones.
pound rupee weekly forecast and tips
Pound rupee future this week closed with gain. This was third gaining week for UK pound. On weekly chart pound is ready for strong bull rally. This week gbp inr future low was at 99.3 while high was at 100.57. Total 1.3 rupee range and closed with gain.
From medium to long term perspective pound remain buy on dips. On upside 101 and 105 are resistances as well as target zones. While on downside 98.9 and 98 are support zones as well as reentry zones. Trend will falter below 97.25 on weekly closing basis.
yen rupee weekly forecast and tips
Yen rupee future this week closed with loss. This was first losing week for yen after last week’s recovery. As expected weak yen resuming downtrend again as well as strong dollar index will put extra pressure on exchange rate. This week OHLC suggesting sell signal for yen on weekly chart against rupee with stop loss of 52.3.
From short to long term view, yen remain sell on rise and on downside 51.1 and 50.5 are support zones as well as target levels. On upside 52.35 and 53.25 are resistances as well as stop loss for short sellers.