• Forex

    Update on USD/INR – 16-Dec-2014

    USDINR tips

    Hi all,
    We are seeing a very Bullish US Dollar that opened higher against Indian Rupee at 63.6125
    The Daylow as of now is 63.44 and Dayhigh is 63.6675
    India’s Export data that came out at 7.3% against previous -5.0% didn’t help Rupee to recover.
    The increase in Imports (26.8% against previous 3.6%) showed the picture of Export-Import gap which affected INR adversely.
    Evenif its difficult to say a resistance figure exactly on pre-FOMC meeting day, I think 63.7850 is a good resistance, if the present Dayhigh of 63.6675 is broken.

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  • Forex

    Update on USD/INR and EUR/INR (Dec) – 15.Dec.2014

    USDINR tips

    Hi all,
    Welcome back..
    There is a change after this weekend from my side. I would like to give some views on EUR/INR too. Actually I use to follow USDINR rather than EURINR but some traders urge me to follow Euro too. Because Donations are welcome and I would like to gather some donations through Euro traders too.
    Also please follow this post’s comments as I will be updating some vital clues today through comments.

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