Thursday, December 15, 2011

Dollar-Rupee Looks Toppish For Now

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

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

Thursday, December 8, 2011

Monday, December 5, 2011

Euro Inverted Flag

On euro hourly chart there is inverted flag formation which indicates that it should move down upto 1.3250 but only if it is able to break immediate support and close below. So I recommend to sell on breakout & close and stop above support line (just 15-20 pips). Please refer enclosed chart.

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.

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

Monday, October 10, 2011

Rupee Moving Forward

Rupee presently trading at 49.05 and currently consolidating around these levels. Dip is expected towards 48.40. So you can buy between 48.40 to 48.75 for a good up-move.



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

Gold Inching Up

Time has come to buy gold again for a decent 100 Dollar move. Buy here at 1523 for a profit target at 1615.






So, see you there at 1615, bye.



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






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

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



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




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

Wednesday, February 16, 2011

Gold Stop Revision

Gold currently trading at 1376, so revise your stop at cost.


Reference Link: Golden Gold

Monday, February 7, 2011

Euro Intraday

Euro got stuck, so took TP at 1.3512


Reference Link: Euro Intraday

Golden Gold




Buy Gold spot at current level of 1348 or lower around 1325 with a stop at 1290 with a profit target of 1515

Rupee Short Term Trade





Buy USDINR between 45.40 - 45.14 with a stop at 44.90 for a profit target of 46.12 and 46.92

EUR Intraday




Going short on Euro at a current level of 1.3605 with a stop at 1.3635 and for a TP target around 1.3490

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