FOREX TRADING TIPS - WEEKLY OUTLOOK 27 to 31 Aug

USD-INR Weekly Recommendations :- 

USD-INR is in consolidation phase, last week USD-INR did our target 55.40/55.15 on the downside. For the coming week, 56 will act as major resistance and 55.20 will act as major support.

STRATEGY :- 

For this week, USD-INR is expected to trade range bound between 55.30 and 55.75. One should go for buy on lower level strategy, if USD-INR sustains above 55.60 it can test levels of 55.90. If USD-INR futures sustains below 55.30 then it can test the level of 55.15. Trade by keeping the strict stop losses.

Major supports for this week in USD-INR: 55.3550 and 54.9075

Major Resistances for this week in USD-INR: 55.7350 and 55.9900

EUR-INR View :-

EUR-INR is in consolidation phase. Last week EUR-INR did our target of 69.47 and closed near week’s high. For this week, 69.7875 will be the major resistance and 68.8125 will be the major support.

TRADING STRATEGY :-

For this week, EUR-INR is expected to trade range bound between 69.70 and 69. One should go for buy on lower level strategy, if EUR-INR sustains above 69.20 then above 69.5000 it can test levels of 69.7500. If EUR-INR sustains below 69.15 then it will come to levels of 68.95. Trade by keeping the strict stop losses.

Major supports for the coming week in EUR-INR: 68.8125 and 68.2300

Major Resistances for the coming week in EUR-INR: 69.7875 and 70.1800

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Currency Tips ~ Indian Rupee Outlook

Indian Rupee may appreciate to 50 against US dollar by March 2013: CRISIL

Indian rupee is expected to appreciate to Rs 50 a dollar by March-end 2013, from the current levels (Rs 56.3 per dollar as on June 29, 2012). The current episode of rupee depreciation is characterized by higher impact of India’s rising vulnerability and relatively lower impact of external shock. 

RUPEE CURRENT UPDATES :- The rupee gained by 25 paise to 55.18 against dollar in early trade on Tuesday at the Interbank Foreign Exchange.

FOREX WEEKLY TRADING TIPS 18 to 22 June

FOREX NEWS & UPDATES

¤ Dollar index off 82 mark, unemployment claims increase.

¤ Euro firm on hopes of central bank action, soft US data.

¤ Sterling supported but risks lurk as debt crisis festers.

¤ Japan keeps interest rate unchanged; safe haven appeal boosts.

¤ Indian rupee trade volatile ahead of RBI monetary policy.

USD-INR Outlook :- For this week, USD-INR is expected to trade in the range 55 and 56.25. Traders should go for sell on higher levels strategy, If USD-INR sustains below 55.50 then below 55 it can test levels of 53.80. If USD-INR sustains above 56 it can test levels of 56.20. 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 Currency Trend :-

For this week, Traders should go for buy on lower levels strategy, if EUR-INR sustains above70 then it can test levels of 70.50 it can test 71. If EUR-INR sustains below 69.6500 it can test levels of 69.3000. Trade by keeping the strict stop losses.

Major supports for this week in EUR-INR: 69.7700 and 69.3350

Major Resistances for this week in EUR-INR: 70.5350 and 70.8600

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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

FOREX CURRENCY TIPS

GBP/USD Buy above 1.5376    TARGET-1 1.5384  TARGET-2 1.5390

TARGET-3 1.54  STOPLOSS 1.5349

GBP/USD SELL below 1.5349   TARGET-1 1.5341 TARGET-2 1.5335

TARGET-3 1.53  STOPLOSS 1.5376

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FREE FOREX TRADING TIPS

FOREX NEWS AND UPDATES

1. Euro Slides Toward 2-Year Low Amid Spain Bank Concerns.

2. GBPUSD: Trading the U.K. Mortgage Approvals Report

3. Indian FX/debt factors to watch 

USD/INR OUTLOOK 

USD/INR could gain towards 56 as risk assets fall from favour because of fears about Spain's banking woes. The pair last closed at 55.67/68 per dollar. Traders will watch for any possible central bank intervention around 56 levels. In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 56.01. The USD/INR June open interest was up by 30.9% from the previous day.

USD/INR TRADING TIPS

US dollar is expected to attract some buying support on declines against the INR.Utilise the lows in the USD/INR June contract to buy above 55.89 with 56.08/56.16 and a stop loss of 55.81

Forex Tips: Currency Market Weekly Report

¤ The dollar index holds 82 as Greece exit awaited.
¤ Euro wallows at 2-year lows as EU jitters rattle markets.
¤ Sterling soft near 2-month lows against dollar; UK GDP contracts.
¤ Japanese Yen weakens against dollar as Fitch downgrades economy.
¤ Indian rupee plunges; global risk sentiment weak



USD-INR is in bullish phase, last week USD-INR May futures hit the targets 54.96/55.20/56.20 on the upside. USD-INR had completed its 261.8% retracement (56.2300). For the coming week, 56.7475 will act as major resistance and 54.5475 will act as major support.


For the upcoming week, USD-INR is expected to trade range bound between 55.30 and 56.50. Traders
should go for buy on lower levels strategy, If USD-INR sustains above 56 then it can test 56.20, any
breakout above 56.75, price will rally to 58.65 (423.6% retracement level). If USD-INR sustains below
55.30 then it can correct to levels of 55.15. If USD-INR breaks 54.50 on the downside it will negate bullish view. Trade by keeping the strict stop losses. Major supports for the coming week in USD-INR: 54.5475 and 53.5050 Major Resistances for the coming week in USD-INR: 56.7475 and 57.7850

Currency Options Tips

The total traded volume in USD/INR option contract was USD 449 Mio. The total market open interest is USD 1.47 Bio. 9% of the
volume was seen in 51 call and put strike. 4% of the volume has been seen in 51.25 call and put strike. 30% of the volume was seen in
51.50 call and put strike. 51% of the volume was seen in 49.25 to 50.75 & 51.75 to 52.75 call and put strike.                                                                                                                                                                                                                      
Volatility on call option has been in the range of 10.13 to 10.56% & for put option the volatility has been in the range of 10.07 to
10.52%.The volatility on call option has increased by 0.70 to 0.90%.The volatility on put option has also increased by 0.46 to 0.66%.
Put/Call Ratio of 51.50 is 0.78 which has decreased from the previous level of 0.82 which indicates that market is expecting rupee to  depreciate in the near term.

Trading Strategy:
Sell Dec USD 52.50 Call @ 25 paise with a stop of 30 paise for a target of 15 paise.

FOREX Currency Trading Tips for Today 22 Nov. 2011

The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY

FOREX Currency Trading Tips for Today ...

The Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level.

FOREX Trading Tips with Chart and Global News Analysis

The Dollar is Strong against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend.
The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.
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FOREX Indian Curency Trading Tips and Analysis Report

Today rupee closed weak, Today rupee touched 30 months low. Seen a declining in Indian equities and as market sentiments seeming cautious, with investors awaiting a plan from European leaders to resolve the region's debt crisis.

today Dollar demand from Gold and oil importers added to down pressure on the rupee.I Expect bearish trend in the rupee should improve once clarity on how Europe plans to solve the debt crisis emerges.
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Indian FOREX Currency Trading Tips and Live Market News

Today Rupee trading in strong gains in Indian equities and the euro.however dollar demand for likely defense related payments and from oil companies kept gains in check. at afternoon rupee was 49.22/23 per dollar, stronger than 49.29/30 on Tuesday.
The index of the dollar against six major currencies was at 76.845 points, sharply below 77.314 on Tuesday.
Oil is India's biggest import item and domestic oil refiners are the largest purchasers of dollars in the local currency market.
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How To Trade in Indian Currency | FOREX Trading Tips and Live News Globaly

Today rupee decline around one week while oil imported dollar demand dragged,, outweighing support from exporters seen in early trades.Oil is India's biggest import and domestic oil firms are the largest purchasers of the dollar in the local currency market.
the rupee ended at 49.29/30per dollar, near .7% weaker from its preious close(48.945/955).
Rupee future direction is major dependent upon how the euro moves. If the euro falters, then USD/INR pair may probe the 49.50-49.60 level.
"So we have to wait and see the outcome of the EU summit."

FOREX Trading Strategy and Tisp | Rupee ends off 3-week high

The rupee ended off its near three-week high on Monday after a rally in the euro lost steam, and as dollar demand from domestic oil refiners and weak equities weighed.
However, dollar sales by domestic corporate firms cushioned the local unit from a sharp slide, traders said.
The partially convertible rupee ended at 48.945/955 per dollar, 0.1 percent stronger than Friday's 49.0175/0275 close. Intraday, it touched 48.6850 -- a level not seen since Sept. 28.

FOREX Currency market trading tips and Live Updates For Today

Today Dollar is strong against Indian rupee. currently Dollar is moving sideways  the USDINR is now is trading overbought level..In last 1 month volatality is very less Buy the USDINR above 50.13 or buy with strict stop at 48.52. The USDINR is now trading in overbought level. The USDINR is now trading in overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level For short term Dollar is in SELL position.
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Currency&FOREX Weekly Technical Report 17th Oct to 22th Oct 2011

MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If next week USD/INR sustains below the level of 48.8000 then below the level of 48.6500 USD/INR can test the level of 48.5000/48.3200.
STRATEGY
For the upcoming week 47.8000 and 47.2000 will act as major supports and 50.5000 and 50.9000 will act as major resistance in USD/INR.

FOREX CURRENCY Trading Tips and Line News For Today

Currently USDINR is in HOLD LONG position USDINR is in sideways so for short term better buy above 49.534 or hold with stop at 48.9675 The next resistance will be at 49.6 The oscillator is showing BUY signal.
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Indian FOREX Currency Trading Tips with Trend and Strategy

Currently Rupee seeming weak against dollar. I expect Hold short Position The USDINR is in downtrend For short term buy only if close above 49.470 The oscillator is showing SELL signal
Sell if  below 48.818 with stop loss at 49.319 or sell below 48.667 Buy only above 49.475
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Indian FOREX Currency Trading Tips and Market Live Updates

Today Indian rupee rise biggest in ten months on Wednesday, propelled by gains in domestic equities and the euro, with dollar inflows also helping."The rise was unexpected and was driven by the euro and stocks," said a senior foreign exchange dealer with a private bank.
The index of the dollar against six major currencies was at 77.017 points at end of rupee trade, sharply lower from 77.739 points on Tuesday, while the euro was at $1.3768 from $1.3611 previously.
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