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#Trade_Idea for the day

#USDINR :- Rupee gave a flat opening at 68.54 levels and is trading close to day’s high level after recovering from Friday’s lows, currently trading above 14 day SMA on hourly charts. Momentum indicators like RSI at 52 is neutral and MACD below zero line giving buying signals.

Our Preference:- Buy below 68.55
Target – 68.70-68.75
Stop loss – 68.46

#EURINR: – Recovered after taking support around 79.50 levels is trading near the day highs as Rupee moved lower, currently trading well above 21 day SMA on hourly charts. Momentum indicators like RSI at 75 is in overbought zone and MACD above zero line giving sell signals.

Our Preference: – Sell above 80.25
Target – 80.00-80.05
Stop loss – 80.35

#JPYINR: – The pair recovered from recent lows after rupee fell from recent highs of 68.33 to 68.60 now, currently trading just above 14 day SMA on hourly charts. Momentum indicators with MACD above zero line and RSI at 62 is giving sell signals.

Our Preference: – Sell above 0.6100
Target – 0.6070-0.6080
Stop loss – 0.6110

Read More: https://bit.ly/2Ln8RbB or https://bit.ly/2ItyNzQ
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#Rupee extends its losses on #Dollar demand by #Oil_importers

#Forex #afternoon from #myforexeye to boost your day. Here's a roundup of all the #Forex news stories that created the buzz in the Indian & World ecosystem today:
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for Forex updates

#Rupee
▶#Indian_rupee extended losses against the dollar in afternoon session amid lower-than-average trade volumes, on dollar purchases by state-run lenders, likely for oil importers. Weak risk appetite after the country’s June trade deficit widened to a five-year high also weighed on the currency.

#IndianEquities
▶The #Sensex is down 120.17 points or 0.33% at 36421.46, and the Nifty is off 59.85 points or 0.54% at 10959.05.

#GlobalMarkets
▶#Asian_markets finished lower today. The #Shanghai Composite closed down 0.61% and Hong Kong’s Hang Seng off by 0.05%.

▶#European_markets are mixed today. The #Germany’s DAX is up 0.13% , France’s CAC40 is up 0.05% while the #London’s FTSE 100 is off 0.14%.

▶ The #dollar_index, measured against a basket of currencies, was 0.2% lower at 94.61. The index slipped about 0.06% in the previous session even as the U.S. central bank’s semi-annual report to the Congress reiterated that it “expects that further gradual increases” in interest rates amid “solid” growth in the first half of the year.

Read More: https://bit.ly/2zEsmLn or https://bit.ly/2ItyNzQ #rupee #dollar #financial_news #myforexeye
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#Trade_Idea for the day

#EURUSD: Pair is likely to take resistance around horizontal blue line and head lower, currently trading above 21 day SMA on hourly charts. Momentum indicators like MACD above zero line and RSI at 59 is giving sell signals.

Our Preference: – Sell above 1.1685
Target – 1.1645-1.1655
Stop loss – 1.1700

#GBPUSD: – Pair recovered from Friday lows towards 1.31 levels and moved higher likely to take resistance around current levels, currently trading above 21 day SMA on hourly charts. Momentum indicators like RSI at 65 is heading towards overbought zone and MACD above zero line giving sell signals.

Preference: – Sell above 1.3240
Target – 1.3200-1.3210
Stop loss – 1.3255

#USDJPY: – Pair taken resistance around 7 month highs still holding above 112 levels, currently trading around 14 day SMA on hourly charts. Technical indicators like RSI at 50 and MACD below zero line indicating to buy.

Our Preference: – Buy below 112.35
Target – 112.60-112.70
Stop loss – 112.20

Read More: https://bit.ly/2usn8gF or https://bit.ly/2ItyNzQ
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#Rupee edges lower as India’s trade deficit widens to its #highest in more than 5 years

#Forex #morningcoffee from #myforexeye to boost your day. Here's a roundup of all the Forex news stories that created the buzz in the Indian & World ecosystem today:
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for Forex updates

#Rupee
▶#Indian_rupee edge lower against the dollar after the country’s trade deficit widened to its highest in more than five years. Pair #USDINR now at 68.56 against 68.52 previous close.

#IndianEquities
▶The #Sensex fell 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.

#GlobalMarkets
▶#Asian_markets are lower today. The Shanghai Composite is off 0.46%, the Australian’ ASX200 is down 0.32% and the Hong Kong’s Hang Seng is trading lower by 0.15%.

▶#European_markets finished higher on Friday with shares in #France leading the region. The CAC 40 closed up 0.43% while #Germany’s DAX gained 0.38% and #London’s FTSE 100 ended up by 0.14%.

Read More: https://bit.ly/2NQdo82 or https://bit.ly/2ItyNzQ #rupee #financial_news #myforexeye
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#Rupee remained higher and heading for its best weekly gain in six weeks

#Forex #afternoon from #myforexeye to boost your day. Here's a roundup of all the #Forex news stories that created the buzz in the Indian & World ecosystem today:
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for Forex updates

#Rupee
▶#Indian_rupee stayed higher against the dollar in afternoon trade and was heading for its biggest weekly rise in six weeks, as subdued global crude oil prices outweighed broad greenback strength and ongoing trade conflicts between the U.S. and China.

#IndianEquities
▶ The #Sensex is up 78.04 points or 0.21% at 36626.45, and the Nifty gains 13.70 points or 0.12% at 11036.90. The market breadth is negative as 625 shares advanced, against a decline of 1,578 shares, while 127 shares were unchanged.

#GlobalMarkets
▶#Asian_markets finished mixed today. The #Shanghai Composite closed down 0.22% and Hong Kong’s Hang Seng rose by 0.10%.

▶#European_markets are higher today with shares in #London leading the region. The FTSE 100 is up 0.72% while #Germany’s DAX is up 0.68% and France’s CAC 40 is up 0.57%.

Read More: https://bit.ly/2uvxY4B #rupee #dollar #financial_news #myforexeye
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#Nifty near all time highs and #Rupee near all time lows?

#Myforexeye Premium #Research #Report by #forex industry expert Ritesh Victor on "Nifty Near All Time Highs And Rupee Near All Time Lows?"
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for #Forex updates.

▶ The #Indian_equity indices continue to scale fresh peaks (to the surprise of many). Globally, when there is a sense of gloom and doom (reflected by the recent plunge in some #Asian and #European indices as well as capital flight to safe havens), surging Indian equities come as a breath of fresh air.

▶ The recent surge in Indian equity indices have completely ignored global (and some local) developments – surge in crude prices, never-ending US #China trade war, no so great Indian economic numbers, etc. Moreover, the rise has been contributed primarily by some Nifty heavyweights like TCS, Reliance, Infosys, HDFC Bank, HDFC (their combined weight on the Nifty is around 35%)

▶ On the Nifty daily technical chart, momentum indicators are inching towards its overbought territory. There are visible price gaps (pink horizontal lines) in the recent run up – first at 10860-10876 and the next at 10976-10999.

Read complete report on: https://bit.ly/2NLGwNL #rupee #myforexeye #forex
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#Trade_Idea for the day

#USDINR :- Rupee gave a gap up opening at 68.37 levels from previous close of 68.57 is still holding well near recent lows of 68.33, currently trading below 21 day SMA on hourly charts. Momentum indicators like RSI at 32 is heading towards oversold zone and MACD below zero line giving buying signals.

Our Preference:- Buy below 68.40
Target – 68.55-68.60
Stop loss – 68.30

#EURINR: – A sharp fall on daily charts on back of euro crosses falling below 1.17 and rupee recovering to recent highs after touching 69, currently trading below 21 day SMA on hourly charts. Momentum indicators like RSI at 35 indicating to buy and MACD below zero line giving buy signals.

Our Preference: – Buy below 79.65
Target – 79.85-79.90
Stop loss – 79.55

#GBPINR: – Pair moved lower since the opening level after GBP cross fell to day’s low, currently trading above 14 Day SMA on hourly charts. Momentum indicators like RSI at 33 is around oversold zone and MACD below zero line giving buy signals.

Our Preference: – Buy below 89.80
Target – 90.05-90.10
Stop loss – 89.75

#JPYINR: – The pair moved lower after JPY cross continued its fall against the US dollar and rupee gained to touch 68.33, currently trading around 14 day SMA on hourly charts. Momentum indicators with MACD below zero line and RSI at 39 are giving buy signals.

Our Preference: – Buy below 0.6070
Target – 0.6100-0.6110
Stop loss – 0.6053

Read More: https://bit.ly/2N8qvQT
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#Trade_Idea for the day

#EURUSD: Pair is down after facing resistance towards 1.17 levels is likely to take support around 1.1650, currently trading below 21 day SMA on hourly charts. Momentum indicators like MACD below zero line and RSI at 41 is giving buy signals.

Our Preference: – Buy below 1.1660
Target – 1.1680-1.1690
Stop loss – 1.1649

#GBPUSD: – Pair fell below 1.32 levels is seen taking support around 1.3150 and head higher towards downward sloping resistance line on top, currently trading below 21 day SMA on hourly charts. Momentum indicators like RSI at 31 is heading towards oversold zone and MACD below zero line giving buy signals.

Preference: – Buy below 1.3170
Target – 1.3200-1.3210
Stop loss – 1.3155

#USDJPY: – Pair is seen taking resistance around 7 month highs after gaining strongly on hourly charts, currently trading above 21 day SMA on hourly charts. Technical indicators like RSI at 62 indicating to sell and MACD above zero line giving sell signals.

Our Preference: – Sell above 112.60
Target – 112.20-112.30
Stop loss – 112.75

Read More: https://bit.ly/2ugm2Va
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#Rupee opens higher tracking recovery in #Asian currencies

#Forex #morningcoffee from #myforexeye to boost your day. Here's a roundup of all the Forex news stories that created the buzz in the Indian & World ecosystem today:
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for Forex updates

#Rupee
▶#Indian_rupee open higher against the dollar at 68.37, buoyed by a recovery in most regional currencies and lower-than-expected June retail inflation at home. Pair USDINR now at 68.37 against 68.57 at previous close.

#IndianEquities
▶ The #Sensex gains 97.49 points or 0.27% at 36645.90, while the Nifty is up by 26.80 points or 0.24% at 11050.00. The market breadth is positive as 259 shares advanced, against a decline of 87 shares, while 36 shares are unchanged.

#GlobalMarkets
▶#Asian_markets are mixed today. The #Shanghai Composite is off 0.12%, the #Australian’ ASX200 is down 0.07% while the Hong Kong’s Hang Seng is trading higher by 0.53%.

▶#European_markets finished higher yesterday with shares in France leading the region. The CAC 40 was up 0.97% while #London’s FTSE 100 rose 0.78% and #Germany’s DAX closed higher by 0.61%.

Read More: https://bit.ly/2NMw7Bp #rupee #financial_news #myforexeye
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#Rupee extend its gains to more than a week high on Oil collapse

#Forex #afternoon from #myforexeye to boost your day. Here's a roundup of all the #Forex news stories that created the buzz in the Indian & World ecosystem today:
Receive premium reports on WhatsApp now: https://goo.gl/eqUpWN
Follow Myforexeye LinkedIn Page for Forex updates

#Rupee
#Indian_rupee extended early gains against the dollar to a more-than-one-week high in afternoon trade, tracking an overnight slump in global crude oil prices.

#IndianEquities
▶ The #Sensex gains 407.40 points or 1.12% at 36,673.33, while the Nifty is up by 114.75 points at 11063.05.

#GlobalMarkets
▶#Asian_markets finished broadly higher today with shares in #China leading the region. The #Shanghai Composite is up 2.16% while Japan’s Nikkei 225 is up 1.17% and Hong Kong’s Hang Seng is up 0.60%.

▶#European_markets are mixed today with shares in #London leading the region. The FTSE100 is up 0.28%, #Germany’s DAX gains 0.04% while the France’s CAC is trading lower by 0.05%.

Read More: https://bit.ly/2JhR57M #rupee #dollar #financial_news #myforexeye
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