MoneyMunch.com

Indian NSE Currencies pairs – Collapse Continuation?

Posted: 04 Jun 2018 10:26 AM PDT

Technical Report of USDINR Pair

We have already recommended waiting for the crossover levels.

Bullish side rally will initiate after the crossover of 67.186 level. It will over after breakout of the following target: 67.492 – 67.852 – 68.105 levels.

Solid Support: 66.818

Support breakout means downtrend up to 66.674 – 66.444 – 66.204 levels.

GBPINR – Bearish Breakout

This pair price will drop in upcoming days. As per the technical analysis, it’s weakening.

Target: 88.927 – 88.361 – 88.046 level.

Stop Loss is available for premium subscribers.

EURINR is not bullish anymore!

Strong Resistance: 79.0064

Selling pressure will increase soon. It’s very close to the resistance level. It can be drop down up to 77.8244 – 77.2010 – 76.6865 levels.

But don’t sell after the breakout of the resistance level. Why? Because of technical indicators are indicating a solid uptrend after this level breakout. It can be up to 80.1007 level.

*Events : India Nikkei Services Purchasing Managers Index (PMI)

Would you like to get our all forex (fx) updates instantly? We have an option for you.
Click Here: Free Forex Tips

Do you want to get Premium Calls only?
Click Here: Premium Forex Tips

If you have any questions or concerns about Forex Market then contact by following ways:
Email: support@moneymunch.com
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.

The post Indian NSE Currencies pairs – Collapse Continuation? appeared first on Moneymunch.