Dear Traders as predicted on 23rd November, 2011 Dollar-Rupee is very much close to its targeted level of 54.50 and looks "Toppish" here. So it is advised that anyone who is running long should take TP here and sell forward because one year premia is also very attractive at the moment. (Please refer the Daily chart attached below)
Pair is touching upper end of its channel resistance, so most likely it will fall from current levels, so try to execute your trades as fast as you can.
Today's Open @ 54.19
Today's High @ 54.31 so far
Reference Link: Rupee Take Profit
Thursday, December 15, 2011
Monday, December 12, 2011
TP Euro Inverted Flag
Those who are running short on Euro, can take TP here at 1.3260 for now.
(Please refer hourly chart below)
Reference Link: Euro Inverted Flag
(Please refer hourly chart below)
Reference Link: Euro Inverted Flag
Thursday, December 8, 2011
Rupee Moved
As suggested on 5th December Dollar Rupee has tested its resistance 51.91 today. So people who are long can TP here for now.
Reference Link: Currency Outlook
Reference Link: Currency Outlook
Monday, December 5, 2011
Euro Inverted Flag
Currency Outlook
EUR/USD:
After the bounce from 1.3200, this pair is in consolidation mode. Now the following key level on daily close basis needs to be watch for the further move (1.3550, 1.3800 for bull tone & 1.3360, 1.3225 for bear tone). Close back below will reopen the possibility of retesting of key support at 1.3145.
GBP/USD:
Below 1.5870 this pair is still in bear tone only, only break above this level can open door for further higher move. The present momentum is indicating that close below 1.5575 will take it towards 1.5420 and close below this level will clear the way for retest of 1.5270
USD/INR:
Rupee gained one Rupee appreciation last week on account of decision by US Fed with major central banks to reduce the swap rates on the dollar swaps. Also there was rally in equity due to lower inflation numbers and rumours of a CRR cut. On Friday evening there was Dollar appreciation against all the majors on account of lower unemployment rate.
As Rupee is taking its clues from global market, it is expected that Rupee will hold its support at 50.95 and will retest is resistance at 51.70 and 51.90 respectively during this week.
After the bounce from 1.3200, this pair is in consolidation mode. Now the following key level on daily close basis needs to be watch for the further move (1.3550, 1.3800 for bull tone & 1.3360, 1.3225 for bear tone). Close back below will reopen the possibility of retesting of key support at 1.3145.
GBP/USD:
Below 1.5870 this pair is still in bear tone only, only break above this level can open door for further higher move. The present momentum is indicating that close below 1.5575 will take it towards 1.5420 and close below this level will clear the way for retest of 1.5270
USD/INR:
Rupee gained one Rupee appreciation last week on account of decision by US Fed with major central banks to reduce the swap rates on the dollar swaps. Also there was rally in equity due to lower inflation numbers and rumours of a CRR cut. On Friday evening there was Dollar appreciation against all the majors on account of lower unemployment rate.
As Rupee is taking its clues from global market, it is expected that Rupee will hold its support at 50.95 and will retest is resistance at 51.70 and 51.90 respectively during this week.
Wednesday, November 30, 2011
Wednesday, November 23, 2011
Rupee Take Profit
As suggested on 10th October, please take profit on your Dollar-Rupee long positions here or around 52.50.
Please refer the chart, Dollar-Rupee is now moving into a steep channel and is now expected to consolidate here for a further higher move. If this pair closed on monthly charts above the previous high (i.e. 52.17) then there are very bright chances that it may go upto 54.50. So it advised to wait for a better level to reenter again.
Reference Link: Rupee Moving Forward
Please refer the chart, Dollar-Rupee is now moving into a steep channel and is now expected to consolidate here for a further higher move. If this pair closed on monthly charts above the previous high (i.e. 52.17) then there are very bright chances that it may go upto 54.50. So it advised to wait for a better level to reenter again.
Reference Link: Rupee Moving Forward
Monday, October 10, 2011
Rupee Moving Forward
Monday, June 6, 2011
Tuesday, May 31, 2011
Euro - all set to climb high
Euro has started its up move, so buy Euro at current level of 1.4390 with a stop around 1.42 and sit patiently for a target of 1.4940.
Please refer enclosed weekly chart.
Reference Link: Euro Biggy Ride
Friday, May 27, 2011
Add more to Dollar-Rupee Long
Dear Traders as suggested on 6th April 2011 to go long on Dollar-Rupee at 44.04, now time has come to add more longs to it. You may add here at 45.19 or on dips but place your stops below 44.80.
Please refer enclosed weekly chart and wait for the next profit target of 46.95
Reference Link: Rupee Triple Bottom
Please refer enclosed weekly chart and wait for the next profit target of 46.95
Reference Link: Rupee Triple Bottom
Monday, April 25, 2011
Gold Take Profit
Congratulations all of you, our Gold take profit order is filled now at 1515
Reference Link: Golden Gold
Reference Link: Gold TP Oda
Reference Link: Golden Gold
Reference Link: Gold TP Oda
Wednesday, April 20, 2011
Gold TP Oda
Dear traders gold has almost reached its target so please place your take profit orders at 1515
(Long at 1348 on 7th Feb, 2011)
Reference Link: Golden Gold
(Long at 1348 on 7th Feb, 2011)
Reference Link: Golden Gold
Thursday, April 14, 2011
Golden Gold Stop Revision
Dear fellow traders as gold is currently trading at 1475 so please revise your stop on Gold long positions (Long at 1348 on 7th Feb, 2011) around 1430.
Reference Link: Golden Gold
Reference Link: Golden Gold
Wednesday, April 6, 2011
Rupee Triple Bottom
Rupee is about to complete its triple bottom formation on weekly chart. If it succeeds then Rupee will depreciate against dollar otherwise close below support line (please refer enclosed Dollar-Rupee weekly chart) will give Rupee a decent slide.
So the recommendation is to buy here at 44.04 for a immediate profit target of 45.10 and target beyond this level will be updated once rupee will reach there.
Friday, March 18, 2011
TP on Euro Biggy Ride
Took profit at 1.4145 on Euro long position (Long at 1.2995 on 29th Nov 2010)
Reference Link: Euro Biggy Ride
Reference Link: Euro Biggy Ride
Wednesday, February 16, 2011
Monday, February 7, 2011
Euro Intraday
Euro got stuck, so took TP at 1.3512
Reference Link: Euro Intraday
Reference Link: Euro Intraday
Golden Gold
EUR Intraday
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