Currencies : Currency Market Update : 03-08-2016 11:47
USDINR Pair in the past session failed to provide follow through selling which could have confirmed the bearish breakdown. Daily MACD is balanced in the negative zone below the signal line which is indicating for break down. However, traders should wait for a slide below 66.95.
GBPINR
GBPINR traded the past session in a sideways manner and ended with harami candlestick pattern. Pair is trad ing around the crucial level and sharp move is expected from the same. Slide below 88.35 would confirm the breakdown.
EURINR In line with our expectations pair surpassed the fl at resistance line and ended at 75.03 levels. Now it’s most likely that prices would inch up higher and test th e rising resistance line pegged at 75.5 levels. Daily MACD is also sustaining well above the signal line.
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| Currency Market Update | ||||
| 03-08-2016 11:47 | ||||
| USDINR | : | Trend | - | UP |
| EURINR | : | Trend | - | UP |
| GBPINR | : | Trend | - | UP |
| JPYINR | : | Trend | - | UP |
USDINR Pair in the past session failed to provide follow through selling which could have confirmed the bearish breakdown. Daily MACD is balanced in the negative zone below the signal line which is indicating for break down. However, traders should wait for a slide below 66.95.
GBPINR
GBPINR traded the past session in a sideways manner and ended with harami candlestick pattern. Pair is trad ing around the crucial level and sharp move is expected from the same. Slide below 88.35 would confirm the breakdown.
EURINR In line with our expectations pair surpassed the fl at resistance line and ended at 75.03 levels. Now it’s most likely that prices would inch up higher and test th e rising resistance line pegged at 75.5 levels. Daily MACD is also sustaining well above the signal line.
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