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EURINR: Immediate resistance placed around 79.90 level; Buy - IndiaNotes.com
EURINR: Immediate resistance placed around 79.90 level; Buy
Way2wealth | Published: 14 Feb, 2018  | Source : IndiaNotes.com

USDINR: USDINR futures opened lower with gap in the last session and prices consolidated for the whole session in the range of 64.35-64.45 levels. Prices have been moving in a sideways trend since last one week and taken strong support at its short term rising trend line. Prices are expected to recover further from these levels towards immediate resistance placed around its short term declining trend line currently near 64.80 level. Action: Buy.

 

EURINR: EURINR futures opened flat in the last session and prices consolidated for the whole session in the range of 79.02-79.20 levels. Prices have taken strong support at its 20 days simple moving average currently around 79.01 level after correcting sharply in the previous week from its recent 3 years high of 80.59. Prices are expected to rise from these levels towards immediate resistance placed around 79.90 level. Action: Buy.


GBPINR: GBPINR futures opened sharply lower with gap in the last session and prices consolidated for the whole session in the range of 89.10-89.40 levels. Prices have been correcting gradually since last one week from its recent 1.5 years high of 91.86 and are expected to correct further from these levels towards immediate strong support placed around its previous swing high near 88.60 level. Action: Sell.


JPYINR: JPYINR futures opened slightly higher in the last session and prices rose further for most of the session till high of 59.40. Prices have been rallying strongly since last one month and taken strong support at its short term rising trend line currently near 59.10 level. Prices are expected to rise further from these levels towards immediate strong resistance placed at its recent and previous swing highs around 59.55 level. 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.