MENU
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

HDFC Securities

Published on 15/07/2019 10:21:09 AM

USDINR JULY FUT. TECHNICAL OUTLOOK HDFC Securities

USDINR July Futures : Sell Below 68.30 SL 69.05 Target 67.30

USDINR July futures trading well below short term moving averages.

Momentum oscillator, RSI is forming positive divergence and exiting from the oversold zone indicating short covering bounce.

The pair is forming lower highs and lows on daily and weekly chart.

The bias will turn further bearish once 68.30 level breaks.

For Complete Report And Disclaimer Click Here- https://bit.ly/2SdHTrc

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.

Choice International Ltd

Published on 15/07/2019 10:18:17 AM

EURINR

Technical View:

EURINR opened on positive note and continued the same for the day.

On the daily chart, pair has still been trading below the lower trendline, which indicates bearishness in the counter.

Moreover, pair has sustained below 50 week SMA, which indicates more bearishness in the prices.

On an hourly chart, pair has turned upside from lower Bollinger band.

On the basis of above structure, we expect further negative move in Pair towards 77.10 level.

Click Here- https://bit.ly/2Jx5hNA

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx

Choice International Ltd

Published on 15/07/2019 10:18:02 AM

GBPINR

Technical View:

GBPINR opened on negative territory and shown further recovery during the day.

On the daily chart, pair has gained from the lower Bollinger band and falling trendline support.

However, pair

Furthermore, a momentum indicator RSI has moved under oversold zone with negative crossover.

Hence, Based on above technical structure we expect bearish movement towards 86 level in GBPINR future.

Click Here- https://bit.ly/2Jx5hNA

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx

Choice International Ltd

Published on 15/07/2019 10:17:47 AM

JPYINR

Technical View:

JPYINR were slightly positive on Friday session and closed with gain of 0.2%.

On the daily timeframe, pair has been trading between two consecutive trendline, where pair has pulled up from lower line.

However, pair has shifted below 200 and 50 days SMA, which indicates further pressure in the prices.

In additions, a momentum indicator RSI (14) has shown negative crossover, which may keep the prices under pressure.

So based on the above analysis, we expect downward move in JPYINR towards 63.20 level.

Click Here- https://bit.ly/2Jx5hNA

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx

Choice International Ltd

Published on 15/07/2019 10:17:35 AM

USDINR

Technical View:

USDINR has recovered by 0.35% during the last day of the week and closed on positive note.

On the daily chart, pair has given trendline breakdown and sustained below it.

Moreover, pair has also traded near its lower Bollinger Band formation , which act as immediate support for the prices.

Moreover, pair has also sustained below 21*50 days Simple Moving Average.

So based on the above structure, we expect bearish move towards 68.30 in USDINR for the day.

Click Here- https://bit.ly/2Jx5hNA

Please refer disclaimer at http://www.choiceindia.com/disclaimer.aspx

Mansukh Securities & Finance Ltd

Published on 15/07/2019 10:09:33 AM

BUY USDINR FUT ABOVE 68.68 ( AVERAGE AROUND 68.45-42) SL BELOW 68.38 TGT 68.78-68.95-69.20

Plz refer disclaimer at www.moneysukh.com

Angel Broking Pvt Ltd

Published on 15/07/2019 9:56:37 AM

GBP

GBP increased against USD by 0.04 percent last week while GBPINR appreciated by 0.08 percent.

Ireland's finance minister Paschal Donohoe, who said that the prospect of a disorderly Brexit is now a "significant risk." Also, the Labour Party leader, Jeremy Corbyn, said that the upcoming UK PM should test his Brexit plan with a second referendum. Meanwhile, BOE signals that British banks hold enough capital to cope with a no deal Brexit and global trade war simultaneously.

GBPINR is expected to move sideways in today’s session.

Click Here- https://bit.ly/2SehYQ9

 Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Angel Broking Pvt Ltd

Published on 15/07/2019 9:56:19 AM

Euro

EURUSD appreciated by 0.4 percent last week while EURINR depreciated by 0.29 percent the same time frame.

ECB’s latest meeting accounts reminded speculative interest that the European Central Bank is also in the dovish path, as the document showed that policymakers are ready to ease further as appropriate, using all the available tools, including resuming asset repurchase program and cutting rates.

EURINR is expected to move sideways in today’s session

Click Here- https://bit.ly/2SehYQ9

 Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Angel Broking Pvt Ltd

Published on 15/07/2019 9:56:03 AM

Indian rupee

Indian Rupee appreciated by 0.1 percent last week while the Dollar decreased by 0.39 during the same time frame. Meanwhile, the Economic Survey 2019 stressed the need to give a huge boost to spending and reforms to accelerate higher rate of expansion to double the economy's size to $5 trillion by 2024-25.

The testimony document showed that US policymakers consider that uncertainties since the June meeting have continued dimming the economic outlook, highlighting that trade tensions remain a critical issue. Furthermore, the Fed now thinks that there’s a risk weak inflation will be more persistent than anticipated, while, despite believing the jobs’ market remains strong, the current rise in wages, despite at healthy levels, is falling short from pushing inflation higher. Meanwhile, CPI data from US came in at 0.1 percent for June’19 against market expectations of 0 percent. Nonfarm payroll data came in at 224,000 against market expectations of 162,000 for June’19.

USDINR is expected to move sideways in today’s session

Click Here- https://bit.ly/2SehYQ9

 Please refer disclaimer at http://www.angelsecurities.in/disclaimer.aspx

Kedia Commodities

Published on 15/07/2019 9:55:19 AM

JPYINR

* JPYINR trading range for the day is 63.18-63.83

* JPY traded in range as the U.S. dollar extended losses on continued Fed-driven momentum.

* Japan's industrial production grew at a less-than-initially-estimated rate in May, final data showed.

* Japan's tertiary activity declined in May after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed.

Click Here- https://bit.ly/2NVy8PG