USD/INR spot @ 68.67, pair is forming series of higher low, from last three weeks markets opening higher levels as comparisons to previous week,
On 25th June market open at 67.89, on 2nd July open at 68.44, and on 9th July open at 68.76,
Now at this point if market holds the level of 68.60 and we will soon see market @ 69.30 levels, may be in next 5 sessions, on...
USD 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
Currency DRIVE by INFI Forex
EUR/USD spot @ 1.2275 from Jan 2018 to till now market tried several times to break 1.2240 level , but it’s don’t succeed as given view by ECB President Mario Draghi. It’s expected it would break now and test 1.2070 level in coming days, no trade zone between 1.2240-80
The euro plumbed two-week lows against the dollar on Friday after ECB President Mario Draghi...
USD INR spot @ 66.24, market is currently trading near resistance 66.30, forming series of higher low, as it’s break resistance level, will test 66.60 then 66.80
Do not complicate with market, its simple follow the price action
Expected Range of the week : 65.98-66.60-80
S2 S1 Pivot R1 R2 R3
65.62 65.98 66.20...
USD 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 INR spot 65.44, from last 2 months market was ranging from 64.70-80 to 65.30-32, in between two months it’s try many times to break this 65.30 level. Next resistance @ 65.62 and then 65.80-90. Now support at 65.20-30.
USD 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
Currency Drive By INIFI FOPREX
Forex Risk Management Solutions
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.
Currency DRIVE By INFI FORX...
EUR/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...
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...
EUR USD spot 1.2278, Market is ranging from 1.2200 Level to 1.2500 Level from 15th Jan 2018 to till now market tried thrice to break 1.25 levels, then market potentially formed double top for target of 1.1900 levels. But this did not happen, this is happening due to US Decisions like Trade War between counties and New FED chairman etc. Now FOMC meeting today...