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.

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.

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.

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

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.

Live Forex Rates

Name	Rate
Australian Dollar (AUD)	52.6
Bahraini Dinar (BHD)	130.37
Saudi Arabian Riyal (SAR)	13.11
Qatar Rial (QAR)	13.50
Japanese Yen (JPY)	0.65
Chinese Yuan (CNY)	7.8
Euro (EUR)	64.61
British Pound (GBP)	77.84
Omani Rial (OMR)	127.66
Canadian Dollar (CAD)	49.22
Hong Kong Dollar (HKD)	6.34
Danish Krone (DKK)	8.69
Iraqi Dinar (IQD)	0.04
Kuwaiti Dinar (KWD)	177.17
Singapore Dollar (SGD)	39.44
Pakistani Rupee (PKR)	0.54
South African Rand (ZAR)	6.38
Swiss Franc (CHF)	53.61
Swedish Krona (SEK)	7.30
UAE Dirham (AED)	13.38
US Dollar (USD)	49.16

Live Forex Rates, USDINR Trend

USDINR: 50.13
Pair after shedding more than four points found support at 49.56 and closed above 50 levels with a bullish engulfing candlestick pattern. Further pullback is expected in the counter.

EURINR: 65.78
It has started trending up in higher high/low fashion, after a decline of more than five points. Pair can continue trending higher until it hits the next resistance level.

GBPINR: 78.56
In the past session, pair ended near the falling trend line resistance on the 15 minutes chart. Some profit booking can be seen in the counter from current levels.

Forex Signals India: Currency Tips for Today

USD/INR Futures (December):- The unit has support level of Rs 50.09 and resistance level of Rs 50.624. But it has now moved down to the lower end of the trading band increasing the possibility of bearish break down. The current trend formation is one of a consolidation after the long corrective move but Yesterday`s move has increased the possibility of the resumption of the downtrend. For intraday, traders are advised to wait for the monetary policy review before taking fresh trading positions.

The USD/INR (January) open interest was down by 2.89%. The February contract increased in open interest by 10.38%. The US dollar is likely to attract some selling pressure on rallies against the INR. Therefore, utilise the highs in the USD/INR (January) contract and sell below 50.36 for target of 50.18/50.09 with a strict stop loss of 50.45.

USD/INR Trend for This Week (23-27th Jan)

USD/INR is consolidating on charts so traders can use the strategy of buy on lower levels. If this week USD/INR sustains above the level of 50.2000 then above the level of 50.5000 USD/INR can test the level of 50.7000/50.9000/51.0500.
Technical Levels
Resistance3: 54.0800
Resistance2: 52.3900
Resistance1: 51.3000
Pivot Point: 50.7000
Support1: 49.6100
Support2: 49.0100
Support3: 47.3200

Strategy: For this week 49.5000 and 48.0000 will act as major supports and 52.8000 and 53.900011 will act as major resistance in USD/INR.

Currency Strategy and Outlook

USDINR: (50.55) The pair closed with a bearish candlestick pattern. Its decline is expected to continue until it hits the next support level pegged at 50.3 levels. RSI (14) is hovering in the neutral region and has entered the over sold. The USD/INR (January) open interest was down by 2.81%. The February contract witnessed an increase in open interest by 11.81%.
USDINR Futures (December): Positive sentiments for the INR and improved risk appetite are dominating the markets at this time. The USDINR closed just below the crucial support of Rs 50.610 on Wednesday and this could result negative for the unit in trade today. The unit price could now drift lower to test the next support at Rs 50.11 and a close below this could be very negative. On an intraday basis, the resistance for a possible trend reversal on the upside would be Rs 51.06.

USDINR: Currency Tips for Today

In the currency markets, the USD was trading lower versus the JPY and EUR and the dollar index was sharply lower around 81.125. This would result in a weak open for the USDINR in Indian markets today.
The USDINR is expected to find strong support near Rs 51.351. If this support is broken the unit price could slide to Rs 51.036 which is the next support. On the upside, the resistance will be seen at Rs 52.06 above this the trend could become positive for the next few days.
Strategy: Sell on rallies.

Forex Rates: Technical Reports 14-Jan

Scrip	Contract	S2	S1	PP	R1	R2
USDINR	27-Jan'12	51.33	51.54	51.66	51.86	51.99
	27-Feb'12	51.7	51.87	51.97	52.14	52.24
	28-Mar'12	52.02	52.18	52.27	52.43	52.53
EURINR	27-Jan'12	65.74	65.96	66.2	66.43	66.67
	27-Feb'12	65.19	66.4	66.6	66.81	67.02
GBPINR	27-Jan'12	78.9	79.13	79.29	79.52	79.68
	27-Feb'12	79.31	79.53	79.69	79.91	80.07
	28-Mar'12	80.03	80.06	80.08	80.12	80.14
JPYINR	27-Jan'12	66.75	67.08	67.39	67.72	68.03
	27-Feb'12	67.3	67.49	67.6	67.8	67.9

Currencies Technical Analysis 12-Jan

Scrip	Contract	S2	S1	PP	R1	R2
USDINR	27-Jan'12	51.63	51.88	52.02	52.28	52.42
USDINR	27-Feb'12	51.93	52.19	52.32	52.59	52.72
USDINR	28-Mar'12	52.18	52.45	52.59	52.86	53.01
EURINR	27-Jan'12	65.2	65.73	66.08	66.61	66.96
EURINR	27-Feb'12	65.66	66.16	66.47	66.97	67.28
EURINR	28-Mar'12	66.26	66.41	66.7	66.85	67.14
GBPINR	27-Jan'12	79.78	80.03	80.31	80.56	80.84
GBPINR	27-Feb'12	80.23	80.47	80.71	80.95	81.19
GBPINR	28-Mar'12	80.96	80.97	80.98	80.98	80.99
JPYINR	27-Jan'12	67.09	67.4	67.59	67.9	68.09
JPYINR	27-Feb'12	67.36	67.66	67.86	68.16	68.36

Currency Tips for Today

The Dollar is strengthening against Indian Rupee in long-term. Currently Dollar is moving in sideways and the USDINR is trading in oversold level. In USDINR HOLD SHORT positions as USDINR has formed a new 5 day high but the trend looks weak therefore, it would be better to buy above 53.173.

Support: 51.72-50.83-49.62-47.12.
Resistance: 53.20-53.36-53.52.

Strategy:
Sell if open below 52.556 with a strict stop loss at 53.037 or sell below 52.421. Do not buy untill it cross 53.173.

USDINR 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 52.9500 then below the level of 52.6000 USD/INR can test the level of 52.4000/52.2000/52.0500.

Resistance3- 54.3100
Resistance2- 53.5900
Resistance1- 53.1300
Pivot Point- 52.8700
Support1- 52.4100
Support2- 52.1500
Support3- 51.4300

STRATEGY
For this week 49.5000 and 48.0000 will act as major supports and 53.8000 and 54.9000 will act as major resistance in USD/INR.

Currency Tips: USDINR Trend

In the Currency market, USDINR is indicating a positive opening as Asian equities are down and the Singapore nifty futures opened on a weak note. The Japanese yen also traded weaker to the US dollar and the euro.
USDINR futures (Dec.) is likely to rise to it's first resistance level of Rs 53.39 in today's morning session. Only a break above Rs 53.39 could bring the USDINR into a positive trend, and it could test Rs 53.579 and Rs 53.669. On the other hand on the downside, it will find strong support at Rs 52.709.

Currency Tips for Today: USDINR Trend

The USDINR seems to be weak and opening indications are mixed as the Japanese markets traded higher while the Hang Seng was at 0.36% yesterday. For today, Rs. 53.39 will act as a strong support for USDINR and if this level is broken a decline towards Rs. 53.09 level could also be seen. Whereas, on the upside USDINR has resistance at Rs. 53.714.

Forex Currency USDINR Trend and Tips for Today

USDINR is indicating negative opening as Asian equities are trading higher and the Singapore Nifty futures suggest a positive open and trade for the Indian equity markets. This would be positive signal for the USDINR. In the currency markets, the Yen was firmer versus the USD but it was the euro that was showing the most strength in Asian trade.

Strategy for USDINR Futures Series, Opening cues negative for the USDINR and hence traders could see a lower open for the unit. On the daily charts, the unit has got strong support at Rs 53.41. Breach of the support could be negative and would result in a test of Rs 53.21. Whereas, On the upside the resistance for the day is at Rs 53.811 with intermediate resistance at Rs 53.711.