usd inr weekly forecast for 27 to 31 july 2015
Usd inr future this week closed with gain. This week dollar rupee future hit low around 63.56 while high was at 64.09. Total 55 paisa week range and closed with gain. This was first weekly gain for us dollar after last 3 weeks selloff. On weekly chart taken support of major average and given reversal move so that was buy signal from medium to long term view.
On weekly chart, 63.7 and 63.4 are support zones while on upside 64.3 and 64.55 are strong resistances.
For next week, currency traders keep long view for us dollar and follow buy on dips view. For target 64.45 and then possibly 65.2 while on downside 63.95 and 63.4 are strong support zone and buying levels.
eur inr weekly forecast for 27 to 31 july 2015
Eur rupee future this week closed with gain. This was first gaining week for euro as rupee gets weak. After last week sharp fall euro stabilized and gained against Indian rupee. This week eurinr future high was at 70.35 while low was at 68.88. Total 1.5 rupee week range or almost 2% rally from bottom.
On weekly chart price trend is down but momentum is strong bullish as rupee continue to weak and euro is getting strong in forex market. On upside 70.95 is strong resistance.
Euro traders can keep buy and accumulate view for targets 71.05 to 72.8 in next week. On downside 68.65 is support as well as stop loss for long positions.
gbp inr weekly forecast for 27 to 31 july 2015
Pound rupee future this week closed with gain. This was second weekly positive closing for UK pound. This week pound hit high around 99.8 while low was at 98.86. Total almost 1 rupee weekly range or 1% rally from bottom. Gbp inr future weekly price trend is bullish and indicators pattern suggesting strong Bull Run ahead.
For next week, pound traders keep buy and accumulate view. 99.95 is first resistance and then 102 will be next one. These will be short term targets as well. On downside 98.65 and 97.9 are support zones as well as stop loss for long positions.
jpy inr weekly forecast for 27 to 31 july 2015
Yen rupee future this week closed with strong gains. After last week’s weakness yen recovered and rallied against rupee as rupee gets very weak. This week jpy inr future low was at 51 while high was at 51.7. Total 70 paisa rally from low or 1.5% rally from bottom. On weekly chart yen is still in downtrend but momentum is building on bull’s side.
For next week, jpy inr resistances are 51.9 and then 52.1 while on downside 50.5 and 50.95 are support zones as well as stop loss for long positions.