Jun 22 2018

Global trade war fears likely to derive safe haven demand

Gold(XAUUSD):- The safe-haven metal fell to a fresh low of 2018 to 1260.84. Technical indicators like RSI below 30 is indicating that gold is oversold and MACD below zero line showing signs of recovery along with global trade war fears likely to revive safe-haven demand and provide an additional boost. On daily chart MACD has shown

Jun 22 2018

Trade Idea for the day

USDINR :- Pair gave a gap down opening of 67.81 after previous close of 67.98 levels yesterday, currently below 14 day SMA on hourly charts. Momentum indicators like RSI at 39 and MACD below zero line giving buy signals. Our Preference:-  Buy below 67.75 Target – 67.95-68.05 Stop loss – 67.65 EURINR: – Pair has

Jun 22 2018

Trade Idea for the day

EURUSD: Pair recovered from recent lows towards 1.15 is trading above 1.16 levels, above 21 day SMA on hourly charts now.  Momentum indicators like RSI at 56 and MACD likely crossover above zero line giving buy signals. Our Preference: – Sell above 1.1615 Target – 1.1580-1.1590 Stop loss – 1.1625 GBPUSD: – Pair recovered from

Jun 21 2018

Trade Idea for the day

USDINR :- Rupee gave a gap down opening of 68.1975 after previous close of 68.07 levels yesterday, currently above 14 day SMA on hourly charts. Momentum indicators are showing nuetral signs with RSI at 56 and MACD around zero line. Our Preference:-  Buy below 68.15 Target – 68.30-68.35 Stop loss – 68.07 EURINR: – Pair

Jun 21 2018

Trade Idea for the day

EURUSD: – Pair is trading in a narrow range on hourly charts likely to take support around 1.1550 levels and seen consolidating around the same. Momentum indicators like RSI at 43 is indicating to buy with MACD around zero line giving buy signals. Our Preference: – Buy Below 1.1560 Target – 1.1585-1.1590 Stop loss –

Jun 20 2018

Dry Fruit Importer- Forex Process Improvement

CASE A north Based Dry Fruit Importer is having a turnover of around Rs 200Cr is banking with a Private bank. They are having exposure in USD only, they are not using any medium for reference to cross verify the rates offered by the bank. Having such huge amount of forex exposure with them they