USD INR Target @ 66.60-54 INFI FOREXUSD INR spot @ 67.04 ( trading near to support) pair is forming series of lower high, now it’s overall expectation for bearish (strong of Indian Rupee), will expected to test 66.60-70 in coming sessions.
Exporters are suggest to hedge this level 67.00 to 67.10,
Importers are open for the near term.
Short @ 67.10-67.00
Target @ 66.60-66.54
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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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Forex Advisory
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EUR/USD Currency Risk Management AdvisoryEUR/USD spot 1.2281, from Mid Jan 2018 to till now market try to break 1.2280 level several times but it’s not succeed, from last one month market not able to break 1.2400 level, now it’s forming series of lower high, another signal of downtrend, and US polices for trade, are also supporting strong $, as it’s break 1.2242-44, expected to be test 1.2080 in coming sessions There is no trade zone between 1.2242-84.
Currency DRIVE By INFI FOREX
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Forex Advisory
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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USD INR CURRENCY DRIVE, FOREX RISK MANAGEMENT USD INR Spot 64.81, after a strong rally yesterday market test 64.91( 3 months High), now trading in range 64.74-92, it’s expected before break 64.92, it would be ranging from 64.55-64.90.,
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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)
CURRENCY DRIVE by INFI FOREX
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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))