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

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.

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

USDJPY SHORT TERM STRATEGY - 2nd UPDATE

Sorry traders was expecting a bounce back after our near term target of 98.50 for a fresh short. Though was bearish but this move has even surprised me. But finally patience pays as USDJPY today made a low of 95.91 which means even our 1st short term target of 97.00 has been achieved and it has reversed just a few pips from our 2nd short term target of 95.50.

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.

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. 

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.    

EURUSD Short Term View

EURUSD has the potential to rise upto 1.3350-60 but can be sold on rise. It has a good resistance at 1.4420, a weekly closing above this level can change short term view or else it can come in the range of 1.3020-50. The overall long term bullish view published on 1^st January, 2012 (http://goo.gl/s5XJR) remains intact. I had expected a recovery from March 2012, but it gave a good bounce in Jan-Feb 2012 and now in the short term we can see a dip. Thus, from the short term point of view we can sell EURUSD on rise and if you are a long term investor you can wait for a good dip in price to go long on the counter.

EURUSD Weekly (09/01/2012 – 13/01/2012)

EURUSD can slide further in the beginning of this week as the fundamentals are weak but 1.2675 can act as a support with a major support at 1.2580 for this week. Buying on dips is recommended. Buy partial at 1.2675 and part at 1.2630 with a strict stop loss below 1.2575 and weekly targets of 1.2800 and 1.2950.

GBPUSD's Weekly View's Update

In the beginning of the week GBPUSD made a low of just 1.5465 (my expectation was buying on dip upto 1.5425-1.5450, visit http://goo.gl/OT4x2 for details), but it did bounced-back as expected and made a high of 1.5670. My view was right but the call was not initiated.

USDJPY Weekly View's Update

USDJPY made a low of 76.60 which was exactly the level where I had recommended to go long (visit http://goo.gl/Ekzbp for detailed view). I hope those who traded according to my view might have booked profits, if not than please book your profits either at these levels or if it again bounces back upto 77.25, as the week is coming to an end. For sometime it can take a resistance of 77.30 but 77.45 is a good intraday resistance. 76.82 can act as a good intraday support.