Monday, June 11, 2012

FOREX TIPS ~ Currency Weekly Trend USD/INR

USD- INR WEEKLY VIEW>>TREND (11 To 15 June)
USD-INR is in bullish phase, last week USD-INR was sustaining at lower levels but during the last trading session it witnessed a strong pullback. For this week, 56.2000 will act as major resistance and 55.1700 will act as major support. 

STRATEGY :- For thIS week, USD-INR is expected to trade in the range 55 and 56.25. Traders should go for buy on lower levels strategy, If USD-INR sustains above 55.50 then above 55.89 it can test levels of 56.10. If USD-INR sustains below 55.30 it can test levels of 55.10/54.86. Trade by keeping the strict stop losses.

Major supports for this week in USD-INR: 55.1700 and 54.6200
Major Resistances for this week in USD-INR: 56.1725 and 56.6250

EUR-INR TECHNICAL LEVELS
Major supports for this week in EUR-INR: 68.7950 and 68.2450
Major Resistances for this week in EUR-INR: 69.8400 and 70.3350

GBP-INR TREND>>LEVELS 
Major supports for this week in GBP-INR: 85.2350 and 84.5725
Major Resistances for this week in GBP-INR: 86.4300 and 86.9625

JPY-INR SUPPORT AND RESISTANCE LEVELS
Major supports for this week in JPY-INR: 69.0800 and 67.9350
Major Resistance for this week in JPY-INR: 71.6000 and 72.9750

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