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Buy EURINR: Immediate resistance placed at 78.40 level - IndiaNotes.com
Buy EURINR: Immediate resistance placed at 78.40 level
Way2wealth | Published: 24 Jan, 2018  | Source : IndiaNotes.com

USDINR: USDINR futures opened slightly lower in the last session and prices consolidated for the whole session in the range of 63.80-63.95 levels. Prices have been falling gradually after taking strong resistance at its rising trend line breakdown and are expected to fall further from these levels towards immediate support placed around its recent low of 63.43 level. On the higher side immediate resistances are placed around 64.05 and 64.45 levels. Action: Sell.

 

EURINR: EURINR futures opened lower in the last session and prices corrected for most of the session till low of 78.09. Prices have been consolidating since last few sessions in a narrow range of 78.10-78.40 levels after rallying strongly in the previous week. Prices have broken above its last 2 year’s high of 78.29 and are expected to rise further from these levels if break above its immediate resistance of 78.40 level towards next resistance placed at its recent high of 79.00. Action: Buy.


GBPINR: GBPINR futures opened strongly higher with gap in the last session and prices corrected for the whole session till low of 89.00. Prices have been rallying strongly in the last two weeks after breaking out from its short term declining trend line resistance and made a fresh one year high of 89.41 in the last session. Prices are expected to rise further from these levels towards next strong resistances placed around 89.55 and 89.85 levels. Action: Buy.


JPYINR: JPYINR futures opened slightly lower in the last session and prices corrected for first half of the session till low of 57.41. Prices recovered strongly for the remaining session till high of 57.81and closed positive around 57.76 level. Prices have taken strong support around break out level of its short term falling trend channel pattern and are expected to rise from these levels towards next strong resistance placed around its previous swing high of 58.32. Action: Buy.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.