EURINR "NEAR CUP & HANDLE" + "CHANNEL BREAKOUT" - EXPLOSIVE MOVEBuy EURINR Above 90.2, Strict SL - 85.5 (DCB), Target - 101-102
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EUR USD EUR/USD @ 1.1652, as it's hold 1.1580.84, and break 1.1684-1704, expected to see bounce back @ 1.1800 Level
USD INR short @ 67.52 INFI FOREXShort @ 67.52 ( spot) for
Target of 67.00 -6.80
Strategy;
Exporter: Hedge 45-50% at 67.50 Level
Importer: Open till 67-66.80
INFI FOREX
Yes Bank target @360Forming inverted head and shoulder for the target of 360
long @ 324-330
Target 354-362
stop loss 319-310
USD JPY @ 108.60USD JPY spot @ 107.78, now market is testing resistance @ 107.88, forming series of higher low, as it’s break resistance level, will test 108.60 then 108.90,
do not complicate with market, it's simple follow the price action
USD JPY @ 107.80 Forex Risk Management SolutionsUSD JPY Spot @ 106.90, In march this level have been tested several times, now we can expect as it’s break 106.90-92, inverted head and shoulder will be confirm. US $ will be strong and Yen will be week and we will see levels @ 107.80-84 and than 108.60
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USD INR Currency DRIVE By INFI FORX USD INR spot 64.98 now it’s forming triangle not bullish nor bearish, as it’s break 64.80-82, we expect for 64.64 then 64.42, for the bullish have to break 65.12, today RBI monetary policy coming, it’s expected there is no change in interest change, and in coming days major oil payments have to be done govt. it will support INR.
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USD INR Currency Drive By INFI FOREX USD /INR spot @ 64.90 from last one month pair is ranging from 64.80-65.20-30, ones in a mid of month on 13th march market break 64.80, but unable to sustain below that, and keep in range 64.80-65.30, now market is potentially trying to form double top, now as it’s break 64.82-80, and test again, it would be confirm, for the target of 64.40.
Strategy: for the traders can go for short @ 64.84-82, for the target of 64.40, will also get premium.
Strategy for Business:
Exporters: Suggest to hedge @ 64.90 30% of their exposer, and 64.80 balance 40% of their 1 to 1½ month exposer, And balance open.
Importers: No need to hedge @ this levels, go open till the 64.40 @ 64.40, hedge at least 50% exposer. And remain open till next move.
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USD INR Currency DRIVE INIF FOREXUSD INR Spot is 65.19, from March starting market ranging from 64.80-65.30, after testing the level 65.30 thrice in last 2 days and in the starting of March, but market still unable to break this, now market is above the middle line of the ranging that is 65.10, as market break 65.10 will test 64.80 then 64.40, on the other hand if market unable to break 65.10, it would expected to bearish towards 65.60-80
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EUR INR CURRENCY DRIVE Forex AdvisoryEUR INR Spot at 79.99, after testing the high 80.35, It’s highly expected market would be corrected till 79.33-30 (65%), and 78.54 (35%), as it’s break 79.84, in coming sessions, traders can go for short and also take premium advantage for coming sessions. Exporters are advise to hedge at least 60-70% at 79.80 to 80.04, and Importers are free to hedge till 78.60.
ON the other hand if it’s also forming Bullish Flag, if it’s break 80.24, will test 81.30 ( EUR INR Bullish less chances as EUR USD is expecting to depreciate till 1.2010)
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EUR USD @ 1.2010 ? FOREX RISK MANAGEMENT SERVICES CURRENCY DRIVEEUR USD spot 1.2361, After Testing 1.2510 Twice, It’s expected that if this break 1.2510 level, will test 1.2780, unfortunately market did not break and now trading at 1.2360, now expected level is 1.2240-42, if it would break this level , potentially double top will be form, and the target would be 1.2010.. CURRENCY DRIVE INFI FOREX
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USD INR @ 65.20 in Coming sessions.**CURRENCY DRIVE INFI FOREX*USD INR spot @ 64.49, as we seen in history, 64.55-60( strong support/Resistance), now market is again testing level, and in a daily chart potentially forming series of higher low, it’s highly expected as it breaks 64.55-60 will test 65.00-65.20. and 64.20 is strong support.
USD INR CURRENCY DRIVE, INFI FOREX, FOREX RISK MANAGEMENT USD INR Spot at 64.01, IN this downward trend market is at 23.6 fibo level after testing the fibo level more than 50% 64.55 (If we see history 64.55 level tested many times as support or resistance now is expected that market would be ranging from 63.84- 64.42, in coming sessions, for Importers It’s Good level for hedge at 63.-80 to 64.20 “Best 64.00” , for exporters they are free to hedge for safer side hedge at 64.40 (30-40%), and 64.55( (30%).,..
Sensex @ 30,000 in march,let seeSensex is trading now @ 33873.44, after making a high about 36,400, was continuous from about 25,700, now it’s at 23.6 fibo level it’s highly expected it would test 32,700( fibo level 38.2) and followed by 31,000/-( fibo level 50%), ((for the positive note as it breaks 34,800 continuous higher))
EUR INREUR INR spot 80.07, as we previously analyzed it would test 79.80, now it’s crossed that level now the range is open for exporters till 80.84 the 82.00(Max)(Levels on Aug 2014), as it’s break 79.80, would test 79.20 importers can book at that level.
USD INRUSDINR Spot at 64.06, as we can see it’s forming potentially double bottom, as it break 64.20-24, would be follow 64.40-44 the 64.88-92. Exporters are not suggest to hedge as this point. Exporters can hedge 60% at 63.98-64.08. for next one and half month
NIFTY Nifty Spot is 11040/- It’s is crucial support for next move, as today ones market test 11018-20, if it will test it again, we will see this at 10980, and then we will see at 10880
EUR INR INFI FOREX Currency driveEUR INR SPOT 78.14, potentially forming bullish flag, as it would be confirm at 78.36-40, target level 79.76-84, in next week,
On the other hand if it’s not break 78.36-40, will test fibo level 50% at 77.40-44
USD INRUSD INR spot at 63.72, almost middle of no trade zone 63.60-63.84, i’m expecting as break 63.82 will test fibo level 38.20 at 64.10, and move for next target 64.40,
Bitcoin 24,000 Or 8,000/- enjoy the rallyBTC spot at 11257, potentially forming series of lower high, it’s highly expected as it test 13K figure, come back down up to 8200/- and if breaks 13K and followed 15k, it would potentially confirm bullish flag, expected to break 24K also. Take your decision wisely.
