rupee weekly forecast

nse dollar rupee future weekly forecast 29 june to 3 july 2015

NSE usd inr future this week closed at 63.99 with gain. On daily chart, us dollar has taken support of 3 month average and given positive closing above it signally trend continuation and buy signal for usdinr. On daily chart, price trend and momentum both are bullish. Price as well as indicators patterns are bullish so keep buy on dips view with strict stop loss below 3 month average of 63.6. On upside 64.65 and then 64.8 are resistances as well as targets for next week.
NSE usd inr future on weekly chart showing gains in this week. And strong continuation pattern suggest fresh upside movement for us dollar against Indian rupee in medium terms.

nse euro rupee future weekly forecast 29 june to 3 july 2015

NSE euro rupee future this week closed with loss. This week, euro hit high around 72.44 while low was at 70.9. Total 1.55 rupee weekly range and closed with loss. Euro on weekly chart is in uptrend but last 2 weeks negative closing shifted momentum in favors of bears. Though above 70.9 support zone keep long view. Short positions advised below 70.9 on closing basis with strict stop loss in place for deep downside target. On Greece default might slip up to 68 to 65 zone in next week if breaks 70.9 support.

nse pound rupee future weekly forecast 29 june to 3 july 2015

NSE pound rupee future this week closed with loss. This was first week loss for UK pound against Indian rupee after last 3 weeks continues rally. This week gbpinr future high was at 101.08 while low was at 99.66. Total 1.5 rupee or almost 1.5% weekly range and closed with loss. Weekly chart price trend is bullish but momentum is bearish and suggesting correction or weakness for sterling against rupee in medium terms. For next week, below 100.6 stay short for target 98.3 and below.

nse yen rupee future weekly forecast 29 june to 3 july 2015

NSE yen rupee future this week closed with gain. This week yen rupee future high was at 51.94 while low was at 51.32. Total almost 60 paisa or 1% weekly range and closed with gain. On weekly yen now showing bottoming out signal and resilient to selling despite Nikkei at all-time high. This week price and indicators pattern suggesting medium term rally for yen so keep buy and accumulate view here with stop loss below this week low for target 54 to 55 in medium terms.

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Pramod Baviskar

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