FOREX / Currency Trading - USDINR and EURINR - 16 July-20 July 2012 in COMMUNITY CENTER - USDINR USDINR resisted on higher levels last week and could not give any closing above the level of 56.0000. The ...
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USDINR and EURINR - 16 July-20 July 2012

  1. 07-14-2012 03:06 PM
    vs777

    USDINR and EURINR - 16 July-20 July 2012

    USDINR
    USDINR resisted on higher levels last week and could not give any closing above the level of 56.0000. The triangle pattern so formed on daily charts is expected to give a breakout below the level of 54.8475 and bears may drag it towards lower levels. While on higher side, 56.1000 will resist it to rise further.

    EURINR
    EURINR showed another major downfall for second consecutive week. On daily charts, Fibonacci Retracements so drawn from its lower levels indicates that it may test 61.8% retracement of 66.9000 in the coming sessions below which more weakness is seen. While, 38.2% retracement around 68.7800 is seen as major resistance for the coming week.

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  2. 11-09-2012 10:22 AM
    nitishtrifid

    USDINR & EURINR update

    Stock Tips Equity Tips

    USDINR
    USDINR moved in the range of 53.8000-54.5000 last week. It is moving in downward channel pattern and is expected to test the upper band of channel. It will find stiff resistance near to the level of 55.0000 while 53.5000 is seen as strong support for it.

    EURINR

    EURINR on its daily charts had broken the trend line acting as support for it and looks bearish in the further sessions. If it crosses its 38.2% retracement of 69.2000 then it may fall towards its next support level of 68.8000. However, major resistance still is seen at 70.5400.
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  3. 01-18-2013 04:04 PM
    nitishtrifid






    USDINR

    USDINR last week took resistance around 55.6000 and took reversal and dragged towards 54.5000 but gave strong closing around 55.0000 around 23.6% retracement level which indicates certain strength and a short rally may be seen towards 55.6000 and 56.0000 will act as major resistance for it. On contrary, 54.2000 will act as strong support for it.

    EURINR

    EURINR has again consolidated around the range of 71.5000-72.9000 and has sustained on higher levels. Last week, it again took support near the trend line around 71.5000 and gained momentum in the last session. It is expected to continue this rally in the coming week and looks strong above the previous high of 73.2200.
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