Sep 25 2017

USDINR Ideas – Hurricane after the Lull

Hope you were “Beware of the Lull” and took necessary precautions. Please check my mail below dated 22Jul17.  Participants in the rupee markets concluded that 64 rupees to a dollar is the norm and got accustomed to the lull (prolonged periods of sideways movement) and as such my regular advise of keeping liabilities hedged fell on

Sep 23 2017

Rupee logs worst week since Nov post Fed

 Weekly Synopsis   Date:- 23rd September 2017   Markets from 18th September 2017 to 22nd September 2017:-   Indian Rupee:-   The Indian rupee posted its steepest weekly decline in 10 months against the dollar, as the U.S. central bank prepares to raise rates further and unwind its balance sheet at a time when investors

Sep 14 2017

GBPUSD Technical View

  The pair seems now poised to extend its decline, as in the 4 hours chart, the price broke below the 1.3225 price zone, where it has its 20 SMA and the 23.6% retracement of its latest bullish run between 1.2908 and the afore mentioned high of 1.3328, heading now towards the 1.3160 region, where

Sep 13 2017

Sell GBPUSD at 1.3350 60 for a target of 1.3110

Author:-Ankit Nagpal GBPUSD:- GBPUSD is getting closer to its major resistance zone, on a daily chart the pair is trading in a upward sloping trend channel and the resistance of this trend channel is at around 1.3375-80 mark. A reversal is expected from the said resistance area. Momentum indicator 14-day RSI is in overbought territory, presently

Sep 11 2017

EURUSD “Euro-vs-US-Dollar”

Author:-Ankit Nagpal Posted Date:-11-Sep-2017 The EURUSD pair has reached a new high and right now is moving downwards with the target at 1.1994. We think, today the price may reach this target and then grow towards 1.2043, thus forming the descending impulse along with the correction. Later, in our opinion, the market may form another consolidation