GBPINR CURRENCY STRATEGY : 09.54Am - 04.08.02016
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USDINR Prices failed to fall below the recent lows and rebound from the support level to end with bullish candle. This is indicating for pattern failure, however, confirmati on of the same will come only on the cross of 67.49.
GBPINR
GBPINR opened the past session with positive gap and concluded the same with bullish candle. This has confirmed the bullish breakout in the patter and no w we expect that prices can travel up to 90.30 and 91.50 levels.
EURINR Pair maintaining its bullish stance ended the past sessi on around the rising resistance line which is at 75.60 . Surpass of the same can take the prices to higher levels of 76. Daily MACD is sustaining well above the signal line and is supporting the bullish outlook.
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USDINR Prices failed to fall below the recent lows and rebound from the support level to end with bullish candle. This is indicating for pattern failure, however, confirmati on of the same will come only on the cross of 67.49.
GBPINR
GBPINR opened the past session with positive gap and concluded the same with bullish candle. This has confirmed the bullish breakout in the patter and no w we expect that prices can travel up to 90.30 and 91.50 levels.
EURINR Pair maintaining its bullish stance ended the past sessi on around the rising resistance line which is at 75.60 . Surpass of the same can take the prices to higher levels of 76. Daily MACD is sustaining well above the signal line and is supporting the bullish outlook.