USD INR looks to go down till 69.115.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7155. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.72. TP4: R2=0.724. Set the stoploss of these orders at breakout of S2=0.7145. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1305. TP4: S2=1.127. Set the stoploss of these orders at breakout of R2=1.139. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=112.9. TP4: S2=112.6. Set the stoploss of these orders at breakout of R2=113.5. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3180 would begin in Midterm. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1.3180 on 11/22/2018, so more gains maximum to...
After breaching the all time high on AUG 14, Analysts would be looking at USD/INR's market action in the coming weeks, If the move sustains, the new 'normal' would be between 71-75 for USD/INR as per monthly charts.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6835. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6885. TP4: R2=0.6935. Set the stoploss of these orders at breakout of S2=0.6815. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6765. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6815. TP4: R2=0.685. Set the stoploss of these orders at breakout of S2=0.675. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=113.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=113.8. TP4: R2=114.2. Set the stoploss of these orders at breakout of S2=113.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.3175. TP4: S2=1.3155. Set the stoploss of these orders at breakout of R2=1.3245. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6865. TP4: R2=0.6885. Set the stoploss of these orders at breakout of S2=0.678. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.332. TP4: R2=1.335. Set the stoploss of these orders at breakout of S2=1.3245. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.99. Set the stoploss of these orders at breakout of R2=0.9975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.994. TP4: S2=0.9905. Set the stoploss of these orders at breakout of R2=1.001. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
1) Dollar index looks strong, got pull back from support 2) Increasing oil and gas export and china CAD shall increase dollar strength 3) Interest rate hike in dec shall also increase dollar impacting emerging market currency
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.011. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.007. TP4: S2=1.0045. Set the stoploss of these orders at breakout of R2=1.013. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=113.7. TP4: S2=113.5. Set the stoploss of these orders at breakout of R2=114.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...