Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Indian rupee erases previous loss against U.S. dollar, short term trend reversal likely

  • USD/INR is currently trading around 64.36 marks.
     
  • It made intraday high at 64.62 and low at 64.34 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance 64.62 mark.
     
  • Key resistances are seen at 64.62, 64.85 and 65.12 marks respectively.
     
  • On the other side, initial supports are seen at 64.38, 64.22, 64.02, 63.87 and 63.70 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • India’s NSE Nifty was trading around 1.50 percent lower at 10,419.70 points and BSE Sensex was trading at 1.42 percent lower at 33,936.06 points.

We prefer to take short position in USD/INR around 64.44, stop loss at 64.62 and target of 64.02.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-02-19 16:32:32
0m
2018-02-19 16:31:45
0m

February 19 21:45 UTC Released

NZPPI Output

Actual

1 %

Forecast

Previous

1 %

February 19 21:45 UTC Released

NZProducer Prices - Inputs QQ

Actual

0.9 %

Forecast

Previous

1 %

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4062640626m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4062640626m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2880628806m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.