Usd inr weekly-hit correction tgt 68 now watch 67.1

dollar rupee futures outlook for next week 12 to 16 Dec. 2016

Dollar rupee futures outlook for next week 12 to 16 Dec. 2016

Usd inr future this week closed at 67.52 with heavy loss. This was second losing week for US dollar and almost lost 1.5 rupee gains in these 2 weeks. Means almost 3% gains for rupee against dollar. Usd inr future on downside achieved corrective target of 68 rupee and breakdown below 68 was fresh downtrend start for US dollar against rupee. On downside 67.1 is my monthly swing target for usd inr on breakdown and we already low of 67.42 in this week.  

For next week, usd inr future below 67.8 remain sell and my weekly usd inr targets are 67.2 and then 66.8.

  Usd inr future is now in downtrend and on downside 67.1 is first support and below it next major support as well as bearish target will be 65.55.  

From long term view, usd inr future achieved 68.65 target and now correcting towards long term support of 65 rupee.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.