Pages

Monday, February 13, 2012

Forex Signals, USD/INR Trend for This Week

USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If this week USD/INR sustains below the level of 48.9000 then below the level of 48.6000 USD/INR can test the level of 48.4000/48.2500/48.1000.
Resistance: 51.5000 - 49.8600.
Support: 48.7100 - 46.9300.

Strategy: For this week 48.0000 and 46.5000 will act as major supports and 51.8000 and 53.5000 will act as major resistance in USD/INR.

Thursday, February 9, 2012

Forex Signals, Currency Tips for Today

Opening indications are positive for the USDINR. The USDINR is likely to trade stronger and could move in a range of Rs 49.12 and Rs 49.52. As International cues remain positive for the USD, therefore traders/investors are advised to buy using declines and trade long positions.

Monday, February 6, 2012

Forex Signals, USDINR Trend for This Week

Last week USD/INR continued it's down trend but for the next week we can see some profit booking at lower levels, So for this week if USD/INR sustains below the level of 49.00 then below the level of 48.00 USD/INR can test the level of 47.5/47.10/ 46.70.
Resistance: 51.3800 - 49.3900
Support: 48.2000 - 46.6200

Strategy: For this week 47.75 and 45.50 will act as major supports and 50.30 and 52.00 will act as major resistance in USD/INR.

Saturday, February 4, 2012

Forex Rates: Technical Reports 4- February


Scrip
Contract
S2
S1
PP
R1
R2
USDINR
27-Feb'12
48.22
48.76
49.11
49.3
49.84
28-Mar'12
48.51
49.07
49.43
49.62
50.18

 28-Apr'12
  48.45
  49.30
  49.85
  50.15
51.01













EURINR
27-Feb'12
63.77
64.29
64.61
64.8
65.32

28-Mar'12
64.28
64.73
65.02
65.19
65.64







GBPINR
27-Feb'12
76.6
77.28
77.73
77.96
78.64

28-Mar'12
77.07
77.76
78.2
78.45
79.14







JPYINR
27-Feb'12
63.2
63.96
64.44
64.72
65.48

28-Mar'12
63.52
64.32
64.81
65.12
65.92

Friday, February 3, 2012

Forex Rates India: USD/INR Trend for Today

  • Rupee strengthened to its highest level in three months as risk appetite improved after strong manufacturing data from China and India.
  • The euro held steady against the dollar and yen in Asia on Thursday after risk sentiment slightly improved on better than expected trade data from Australia.
  • The Australian and New Zealand dollars maintained two-day gains as Asian equities extended a global stocks rally.
  • Japan`s Finance Minister Jun Azumi escalated his warnings against strengthening in the yen toward a postwar high.
  • Asian currencies strengthened to a three-month high.
USD/INR
As USD Index was expected weak (fall from above 79.52 into 78.52) and the index drove USD/INR below strong support at 49.22 (low of 48.97) before getting into consolidation act at 49.12-49.27 for close of day at 49.18. For Today, 49-49.23 with overshoot limited to 48.83-49.38. Traders are advised to sell March contract 2012 dollars at 49.83-50 and to buy February contract dollars around 49.13-49.