USDINR TRADING STRATEGY

USDINR TRADING STRATEGY

BUY USDINR (OCT)  50% AT 66.77 & 50% AT 66.65       

FOR TARGET 67.00  SL BELOW 66.54 

EURUSD Technical View

EURUSD has a potential to rise upto 1.1050-70 but it would find it difficult to sustain these levels and thus can be sold on rise for trading. 

TRADING STRATEGY

SELL EURUSD 75% AT 1.1050 & 25% AT 1.1070   FOR TARGET 1.0960  SL ABOVE  1.1110.

If we miss the selling range than;

BUY EURUSD 50% AT 1.0960 & 50% AT 1.0930  FOR TARGET 1.1050  SL BELOW 1.0885.

                                                  

FOREX TRADING VIEWS

USDINR

THOUGH RUPEE IS APPRECIATING TODAY ONE CAN GO LONG FOR TRADING IN USDINR ON DIPS.

STRATEGY 

BUY USDINR PART AT 68.05 & PART AT 67.98  TARGET 68.30  SL BELOW  67.85

EURUSD STRATEGY

SELL EURUSD PART AT 1.1100 & PART AT 1.1130 TARGET  1.1040  SL  ABOVE  1.1156

GBPUSD STRATEGY

SELL GBPUSD PART AT 1.4590 & PART AT 1.4620 TARGET 1.4530  SL  ABOVE  1.4650

USDJPY STRATEGY

BUY USDJPY PART AT 117.85 & PART AT 117.65   TARGET 118.50  SL BELOW 117.34

BUY USDINR FEB PE

USDINR FEB PE POSITIONAL STRATEGY

WOULD RECOMMEND GOING  LONG USDINR FEB PE AT 0.06 (AND ON DIPS) FOR POSITIONAL TRADE. LOSS IS LIMITED AND CHANCES OF PROFIT ARE VERY GOOD IN COMING DAYS.

EURUSD & GBPUSD CALL UPDATES

OUR BUYING AVERAGE IN EURUSD IS 1.0597 WE CAN BOOK PROFIT IF WE GET 1.0640 & OUR SL TRIGGERED IN GBPUSD BUY CALL AT 1.5030.

CALLS GIVEN WERE;

BUY EURUSD PART AT CMP (1.0610) & PART AT 1.0585 FOR TARGETS 1.0670 & 1.0690    SL BELOW 1.0540. 

(http://forexviewsncalls.blogspot.in/2015/11/eurusd-trading-strategy.html)

BUY GBPUSD PART AT CMP (1.5084) & PART AT 1.5060 TARGETS  1.5130 & 1.5150      SL  BELOW 1.5030. 

(http://forexviewsncalls.blogspot.in/2015/11/gbpusd-trading-strategy.html)

GBPUSD TRADING STRATEGY

BUY GBPUSD PART AT CMP (1.5084) & PART AT 1.5060   TARGETS  1.5130 & 1.5150      SL  BELOW 1.5030

EURUSD TRADING STRATEGY

BUY EURUSD PART AT CMP (1.0610) & PART AT 1.0585   FOR TARGETS 1.0670 & 1.0690    SL BELOW 1.0540.

USDJPY CALL UPDATE

USDJPY did move up according to our view but couldn't achieve the target of 123.10 and made a high of 122.93.

(http://forexviewsncalls.blogspot.in/2015/11/usdjpy-intraday-view.html)

(BUY USDJPY PART AT CMP (122.50) & PART AT 122.30  TARGET  123.10   SL BELOW 121.98) 

EURUSD SHORT CALL UPDATE

TARGET ACHIEVED IN EURUSD SELL CALL (http://forexviewsncalls.blogspot.in/2015/11/eurusd-intraday-view.html)

(SELL EURUSD PART AT CMP (1.0672) & PART 1.0695 TARGET  1.0610  SL ABOVE  1.0736)

USDJPY Intraday View

USDJPY can be bought on dips for intraday trading. Expected intraday range is 122.30 - 123.10.

Intraday Strategy - BUY USDJPY PART AT CMP (122.50) & PART AT 122.30    TARGET  123.10   SL BELOW 121.98 

EURUSD Intraday View

EURUSD can rise upto 1.0690 - 1.0695 but can be sold on rise. Expected intraday range is 1.0610 - 1.0695. 

Intraday Strategy - SELL EURUSD PART AT CMP (1.0672) & PART 1.0695  TARGET  1.0610  SL ABOVE  1.0736

USDINR Intraday View

USDINR NOV FUT contract can resist 66.50 intraday and can be sold on rise for the day. Expected intraday range is 66.20 - 66.45.

Intraday Strategy - SELL PARTIAL AT CMP (66.38) & PARTIAL AT 66.45     TARGET 66.20      SL ABOVE  66.58

GBPUSD Medium Term Outlook

GBPUSD has a good medium term resistance in the range of 1.5790 - 1.5820 and thus can be sold on rise. In fact selling part at 1.5750 & part at 1.5820 is recommended for a short term target of 1.4900 & medium term target of 1.4600 with a protective SL above 1.6400.

USDJPY SHORT TERM STRATEGY - AN UPDATE

My near term target of 98.50 for USDJPY SHORT TERM STRATEGY (HIGH RISK) has been achieved. I hope a good number of traders have earned through this call. Even now the USDJPY pair looks bearish but selling fresh from these levels might prove a bit risky, traders should wait for a bounce back and then go short.

USDJPY SHORT TERM STRATEGY (HIGH RISK)

High risk traders can go short on USDJPY between 101.80 - 102.20 for a near term target of 98.50 & short term targets of 97.00 - 95.50 with a protective stop loss above 105.75.

Intraday Trading Strategies

EURUSD can rise upto 1.2880-90 but can be sold on rise for intraday trading for a target of 1.2790 & SL above 1.2940. Expected intraday range is 1.2790 - 1.2890.

GBPUSD can rise upto 1.5265 but can be sold on rise for intraday trading for a target of 1.5180 & SL above 1.5310. Expected intraday range is 1.5180 - 1.5265.

USDJPY can dip upto 92.50 but can be bought on dips for intraday trading for a target of 93.50 & SL below 92.00. Expected intraday range is 92.50 – 93.50.

Intraday Trading Strategies

EURUSD is moving upwards & can rise upto 1.3515 but shall resist that level during the day & thus can be sold on rise strictly for intraday trading purpose for a target of 1.3430-20 with a protective Stop loss (SL) above 1.3560.

(Note: For medium term outlook please visit http://www.forexviewsncalls.blogspot.in/2013/01/eurusd-medium-term-outlook.html)  

GBPUSD may give a dip upto 1.5710 thus traders can sell on rise in the morning trade (IST) but it can be bought on dips upto 1.5710 for the day for a target of 1.5800 with a protective SL below 1.5660.

USDJPY can give a rise even upto 91.15 but can be sold on rise for intraday trading for a target of 90.40 with a protective SL above 91.55. 

EURUSD Medium Term Outlook

EURUSD is currently in a bullish phase but 1.3490 can act as a near term resistance. A weekly closing above this level can push it further upto 1.3830. On the downside 1.3000 can act as a good near term support & 1.2720 a good medium term support. The expected range in the medium term would be 1.2720 – 1.3830 & a break of this range will decide the future course of the pair. 

USD/INR INTRADAY RECOMMENDATION (12/10/2012)

USD/INR (SPOT)

USD/INR can give a dip even upto 52.65 as India's IIP for August is above expectation (CMP – 52.74) but buying on dips is recommended for intraday trading. It has a good intraday support at 52.48 & resistance is at 53.00. Expected intraday range is 52.65-52.98.

STRATEGY – BUY AT 52.65   TARGET 52.98   SL BELOW  52.48

EURUSD Short Term View - An update

Target achieved in EURUSD Short Term View published on 24th March, 2012 (http://goo.gl/v8zdd). EURUSD did not breach 1.4420 and made a high of just 1.3385 after I published the call. My target range was 1.3020-1.3050 and it is currently trading below 1.3050. If traded according to my view one can book all profits. It has a good support in the range of 1.2970-1.2990, it will continue its bearish view only if it gives a weekly close below 1.2970 or else it can bounce back upto 1.3400. If it gives a weekly close below 1.2970 it can fall upto 1.2800.