Forex Technical Trading Tips 11 Feb

[Research_4u]

OUTLOOK FOR TODAY: USD INR

We expect the rupee to trade on a neutral to negative note against the dollar taking cues from weakness in the domestic markets & FII outflows. However, weakness in the dollar index will cap sharp fall in the rupee.

Technical Outlook:

As seen on the intraday chart, USDINR has breached the resistance of the downward sloping channel & closed above the same. It is currently at a minor resistance of 62.66. If it crosses this level, then it is likely to head upwards till the 63 mark. If it bounces back into the channel, then 62.45 is an significant support below which further downside in the counter can be expected. Read More Info - Forex Technical Trading Tips 11 Feb | Stock Tips | Commodity Tips |Forex Tips | Mcx Tips|Share Tips

 

[Research_4u]

Currency Trading Technical Trend 19 March

MARKET OVERVIEW

Dollar gained 0.05 percent & closed at Rs. 61.34 in futures. The spot rate is currently at 61.19.

FIIs invested net Rs. 675.86 crores in the cash & derivatives segment of the Indian equity markets on Tuesday.

Dollar Index is currently trading at 79.3960 down 0.02 percent from the previous close.

The number of building permits issued last month surged by 7.7% to a seasonally adjusted 1.018 million units from January’s total of 945,000. U.S. housing starts declined by 0.2% last month to hit a seasonally adjusted 907,000 units from January’s total of 909,000, disappointing expectations for an increase of 3.4% to 910,000 units.

US CPI rose at an annual pace of 1.1% in February, missing estimates. On a monthly basis, prices rose 0.1%, in line with forecasts. Core CPI, which strips food & energy costs, rose 1.6% over the last twelve months & 0.1% MoM. Read More


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