Sunday, August 28, 2016

Currencies Technical Analysis : 29.08.2016

Currencies Technical Analysis : 29.08.2016

NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut   : SELL ZONE

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 USDINR

USINR pair recovered marginally from the low of 67.3 1  and finally settled at 37.39 moving 9 paisa. Pair i s still  quoting within  the narrow range. The pair is just holding  below the immediate trend line resistance a break a bove  that will extend till the resistance of 67.65. For  the day,  we recommend to buy above 67.42 for above mentioned targets.

  GBPINR After failing surpass the trend line resistance of  89.40,

  GBPINR pair remained subdued on Friday and ended at 88.93. As long as it holds below the trend line the move is  like to be down ward and could draw down till 88.00 then  87.00 levels.

 EURINR EURINR pair mostly remained on flat note and ended  at  76.07. After previous sessions Doji candle pair ope ned at  76.00 and moved up till 76.07. The trend is likely  to  subdued, so we recommend buying on dips with stop l oss  below 75.90.  JPYINR After bearish close on Thursday,