Trading Strategy
The pair seems to have completed its five wave declining pattern and it is all set for the retracement of this fall. Since, the fall was quite sharp and scary; the bounce too is expected to be quite sharp and scary for anyone who is short
- USD/INR: Short to medium term trend remains bullish
- USDINR: Daily MACD is in buy mode
- Euro/dollar fell to six-week low Thursday
- Modest recovery in USDINR
- EURINR: Buy above 71.90 for a target of 74
- USDINR: Buy only on cross above 55.20
- Dollar/rupee may fall to three-month low this week
- USDINR: Crucial support pegged at around 53.60 levels
- USDINR trades in a range of 55.30 to 53.70, looks weak
- USDINR spot has broken trend line support at 54.35
Currency Updates
- Monarch's Daily Currency Outlook
- JRG Securities' Daily Update on the Indian FX Market
- Indiainfoline's Global Currency Outlook
- USD/INR: Short to medium term trend remains bullish
- USDINR: Daily MACD is in buy mode
- USD/INR: To have support at 54.70 & resistance at 55
- Euro/dollar fell to six-week low Thursday
- Dollar/rupee may fall to three-month low this week
- Dollar/rupee extended gains in afternoon trades Monday
- Dollar/rupee continued to trade higher Friday
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| Pair | Currency | Rate (Rs) |
