Home Archive By Category "Forex" (Page 2)

Update on USD-INR – 9.Feb.2015

USDINR tips

Hi all,
Welcome back after weekend.
Today we saw USD/INR opened very high at 62.2050 against Friday’s closing LTP of 61.9150. Hence my target for Friday 62.0650 was hit before opening. On Friday, I wrote I was expecting the pair to touch 62.06 atleast...
This could be due to positive NFP data from U.S and some technical reasons which I wrote on last Friday’s blog post.
After opening and recording a Daylow of 62.1950, the pair rallied upto 62.4350 (Dayhigh). Closing LTP was 62.39
Technical Analysis:-
It was a pure bullish day for USD/INR where it opened well above Fibo pivot. The resistances at 62.22 and 62.39 were broken and 62.56 is the resistance that was left unhit.
Williams %R indicator showed that the pair is in Sell zone but DMI indicator and IV analysis gave a strong Bullish signal. Also Nifty and BSE Sensex plunged today due to exit poll results from New-Delhi which were probably against BJP govt: in the center.

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Update on USDINR – 6.Feb.2015

USDINR tips

Hi all,
You are reading my 100th post in the category “Forex”.
USD/INR opened at 61.9950, a bit higher than yesterday’s closing LTP 61.97. As said in my blog post yesterday I hope the selling will continue atleast upto 61.86, the Daylow was 61.8625 and then pair started to bounce back upto 62.0350 (Dayhigh). I was expecting the pair to touch 62.06 atleast but Bulls lost their way at 62.0350. Hence the pair went down again and closed at 61.9150.
Analysts may say that the market lost its momentum by waiting Non Farm Payroll (NFP) from U.S. in the daytime. Anyhow NFP data came out a bit earlier and seems positive for US Dollar.

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Update on USD/INR – 4.Feb.2015

USDINR tips

Hi all,
As said yesterday evening in my blog post Hope the pair will touch 61.8775 tomorrow and bounce back the pair USD/INR bounced back after hitting 61.82 (Daylow). Opening was at 61.90, lower than yesterday’s closing LTP of 61.9575
Then we saw a small bullish rally upto 62.1525 (Dayhigh) and closing LTP was 62.02

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Update on USD-INR – 3.Feb.2015

USDINR tips

Hi all,
In yesterday’s blog post, I said that markets were anticipating a rate cut. But RBI today announced no change in Repo, Reverse Repo rates. A change was made in SLR which didn’t make any big move in the market.
Nifty was in red since today morning. But it recovered a bit in the late afternoon.

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Update on USD/INR – 2.Feb.2015

USDINR tips

Hi all,
Welcome back after the weekend.
We saw strong Bearish trend today in the pair USD/INR which opened at 62.31 and Closed around 62.09
The Dayhigh, 62.35 was hit soon after today’s opening and the Daylow was 62.0525
RBI is about to announce a change in Bank Interest rates tomorrow and market is anticipating another cut like last month. Do you think this is the reason for today’s bearish movement? My answer is NO.

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