USDINR futures opened slightly lower in the last session and prices corrected gradually for most of the session till low of 64.93. Prices have been trading in a narrow range of 64.90-65.20 levels in the last few sessions and taken strong support at 61.8% Fibonacci retracement of its rally from low of 63.89 till high of 65.12, which is placed at 64.75 level. Prices are expected to recover towards immediate strong resistance placed around 65.35 level
EURINR futures opened flat in the last session and prices corrected slightly in the whole session till low of 75.63. Prices have been falling gradually after breaking down from its short term rising trend line support and are expected to fall further from these levels towards next strong support placed around 38.2% Fibonacci retracement of its rally from low of 68.21 till high of 78.29, which is placed at 74.44 level.
GBPINR futures opened slightly higher with gap in the last session and prices consolidated for the whole session in the range of 85.80-86.00 levels. Prices have been trading in a narrow range around rising trend line break out level. Prices are expected to recover further from these levels if break above its immediate resistance of 86.20 level towards next resistances placed around 86.60 and 86.90 levels.
JPYINR futures opened strongly higher with gap in the last session and prices corrected for the whole session till low of 57.37 level. Prices have been recovering gradually since last few sessions after taking strong support at its lower declining trend line and are expected to recover further from these levels towards next resistance placed around its upper declining trend line currently near 57.75 level.
Click here to read the full report
Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.
For more information please write in to email@example.com
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.