Revise Stop on Rupee Long Position

Please revise your stop at cost on Rupee long positions (around 44.80 - 44.90)

Reference Link:

Book Profit on Rupee Shorts

Rupee - First Sell then Buy

Book Profit on Rupee Shorts

Take profit on Rupee shorts at a current level of 44.88 and build long position.


Reference Link:

Rupee - First Sell then Buy

Revise Stop on Rupee Long Position

Rupee - First Sell then Buy

Rupee upmove may halt here and can be sold here around 46+ levels for a profit target of 45 and then buy will be recommended for a good upmove.


Reference Link: Book Profit on Rupee Shorts

Euro Biggy Ride

Euro is coming down and down all the way from 1.4290 but there is a good probability of trend reversal, and one can try buy around 1.3130 to 1.2930 levels with a stop below that. This Biggy ride may fetch 1.41+ levels with a initial resistance at 1.3745. So be ready for the adventure ride.






Reference Link: TP on Euro Biggy Ride

Crawling Gold

My dear fellow traders its time to raise your stop loss level, on your long positions, at cost or above (you may decide your comfort level). As suggested gold is inching up and will reach its target soon so be ready to bag the profits.


Reference Link: Gold Feast

BSE Record High Close

Bombay Stock Exchange (Sensex) closed 2.1 percent higher at 20,893.57, its highest-ever closing level.

Dollar Index Move

Dear Traders at this point of time we need to see how good we are in predicting the movement of dollar in next few months.




So participate in this poll, just look at the enclosed "Dollar Index Weekly Chart" and submit your views as comment, either its "A" or "B".


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Gold Feast

Gold is going high and high & again ready for a good up-move. Specially in India around "Deepawali (Diwali)" festival people used to buy lot of gold on "Dhanteras", "Navratri" & "Durga Pooja", so demand is huge. We might see gold around 1465 in next 3-4 weeks. Idea is to go long and take profit around 1450+ levels. Refer enclosed weekly chart.





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Yen Dilemma

Japanese Yen presently trading at crucial levels around 81.20 which is very much near to the 15 years low of 80.43 (April 1995). Break below this level certainly not healthy for Japan. It is heard in the market that there is constant intervention in the market by the BOJ to check the strength of Yen. Kindly refer the enclosed chart.



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Cable desperate to move higher

Cable (GBP) again resisting at 1.60 but it is very much desperate to move higher. If you look at the enclosed chart there is good resistance at 1.60 however if it succeeds in breaching that level, then it will quickly test 1.6320. So buy cable, for a profit target of 1.63+ levels, after the breakout.


Reference Link: Pound feeling little shy


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Euro Take Profit

As suggested on 7th October took profit on Euro long positions at 1.4116 (long positions build around 1.3830-1.3900).

Reference Link: Euro will test its next resistance


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Inflation

Inflation is a rise in the general price level of goods and services in an economy over a period of time.

With increased price level purchasing power goes down and ultimately buyer will be able to purchase fewer goods with the same unit of currency.


Go to: Index


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Rupee under pressure

In last five weeks rupee appreciated by 5.90% on account of huge FII inflows and technical breakout. Now again rupee is under pressure but paused at a very important technical support at 44.19. If you refer the enclosed chart you'll be able to figure out that weekly close below this crucial support, will drag rupee to the lower levels around 42.20. This sudden rupee appreciation will not be healthy for exporters but definitely will be a good exit opportunity for exporter who are sitting short at a very lower levels.

Reference Link: Rupee Appreciation


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Pound feeling little shy

Pound feeling little shy of immediate resistance level of 1.6025 break above this level (daily close) or if you refer 4 hourly chart close above 1.6030 (i.e. above trend line resistance level)will take it to 1.6300

So be ready to buy on break out for a 250 pips profit.




Previous 2000 pips GBP Trade Recommendation:
Going Long
Taking Profit


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Sliding Dollar

As predicted Dollar Index is going down, currently at 77.14 and soon will test its channel support around 76.30 levels.

Reference Link: Bad performance by the Dollar during last week


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Euro will test its next resistance

As predicted euro is going higher to test its next resistance at 1.4127. Try to buy euro on any dip or even at current levels for a profit target around 1.41+ levels.

Reference Link: Two Immediate Resistance

Reference Link: Euro Trade Take Profit

Reference Link: Euro Ready For a Blast


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Two Immediate Resistance levels for Euro

1.3844 and 1.4127 are next two important resistance levels for euro, kindly refer the enclosed chart.





Reference Link: Euro will test its next resistance


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HDFC Bank increased key lending rate by 25 basis points

HDFC Bank has followed RBI tightening policy (to absorb the excess liquidity in the market) and has announced increase in key lending rate by 25 basis points effective Tuesday, after this increase key lending rate or the base rate will be 7.50 percent. Also Bank has raised interest rates on some deposits by up to 50 basis points effective 24th September.



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Feedback - Forex Workshop

Just sharing feedback from two participants of last workshop held in Delhi, both of them were from Bathinda, Punjab (Mr. Brijmohan and Mr. Krishan Goyal). They have found this workshop very useful because after attending this they have gained so much confidence in attempting their trade views which was not there earlier. According to them their analytical ability on fundamental as well as technicals must have increased at least 10 times of what it was.
They got reference from their friends who have earlier attended the workshop in Delhi and even they want to share this wonderful experience with their near and dear ones so that they can also derive maximum benefit.



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Dollar Index on Weekly Chart

If you see the incomplete formation on weekly charts which looks like Inverse Head & Shoulders. If that formation completes then Dollar Index after touching 76.70 may bounce back and we might see huge upside move in Dollar Index (100+ levels), but prerequisite for this view is completion of Inverse Head & Shoulders formation. Please refer the weekly chart.





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Bad performance by the Dollar during last week

Last week’s Dollar Index traded range
Close 78.046
High 79.819
Low 78.029
Open 79.575

Closed at 78.046 below the important support point of 78.35 on daily charts we might see further fall up to 76.70 which is a channel support, as you can see in the enclosed chart.




Reference Link: Sliding Dollar



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Workshop for Forex (Currency) Trading

This is high time and a great opportunity to learn about the forex market, supplement income and diversify your investments. Save yourself a lot of time by taking our class, where we make sure you understand how trading works and how to achieve your forex trading goals.

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Euro Trade - Take Profit

Take profit on long positions (1.2650 & 1.2835 as suggested on 16th August 2010) at current levels 1.3610 or can wait for 1.3650+ levels


Reference Link: Euro Ready For A Blast




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Workshop - Forex Trading (Currency Trading)

This workshop will be held in New Delhi, India. Participation fee per person is Rs. 10,000. The purpose of these workshops is to teach interested traders how to become your own foreign currency exchange trader. This is a great time and opportunity to learn the forex market, supplement income and diversify your investments. Save yourself time by taking our class where we can ensure you understand how trading works and how to achieve your forex trading goals.
This is open for public and anyone who wish to register or for queries can send mail at fxvaibhav@gmail.com or call at +91-9810319828

Note: Special request for arranging event in your city will also be entertained.

Frequency - Daily Workshops

Time - 10:00am - 6:00pm

Location - New Delhi, India

Workshop - Currency Trading Fundamentals and Techniques

This workshop will be held in New Delhi, India. Participation fee per person is Rs. 10,000. The purpose of these workshops is to teach interested traders how to become your own foreign currency exchange trader. This is a great time and opportunity to learn the forex market, supplement income and diversify your investments. Save yourself time by taking our class where we can ensure you understand how trading works and how to achieve your forex trading goals.
This is open for public and anyone who wish to register or for queries can send mail at fxvaibhav@gmail.com or call at +91-9810319828

Note:Special request for arranging event in your city will also be entertained.

Time	September 11 · 10:00am - 6:00pm
Location	New Delhi, India

Euro Ready For A Blast

Euro is all set for a good upmove, just look at weekly chart;





You can buy here at 1.2835 and on dips towards 1.2650 for a profit target of 1.3650 stop can be placed around 1.2500

Reference Link: Euro Trade - Take Profit

Rupee Looks like Jumping

Rupee looks weak and will test 50.72 levels in coming months, looking to buy here at 46.60 levels and on dips towards 45.00 to 45.75 with a stop at 44.65 for a profit target around 50.50 / 50.70