USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85. - HDFC Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/73b22d705bfdc8fd327b1cd3e9602c08.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
USDINR
Technical Observations:
? USDINR July fut. retraced back to the previous swing high, coinciding with descending trendline resistance, 82.85.
? Momentum oscillator, Relative Strength Index of 14 days heading towards overboughtzone indicating continuation of positive momentum.
? Long build-up has been seen in the week gone, as the price and open interest rise.
? We expect multiple top resistance at 83.30 to remain a big hurdle for bulls. Short-term traders can Sell USDINR July fut between 82.50-82.80 and Buy 83 CE at 7 Paise.
EURINR
Technical Observations:
? EURINR July fut has given a box pattern breakout. The pattern target comes at 91.
? It has been placed well above short-termmoving averages.
? Relative Strength Index of 14 days pierced above the centre line.
? The MACD is placed above the zero line and heading north indicating a bullish trend. ? Long build-up has been seen asthe price and open interest rise. ? Buy EURINR between 90.10 to 90.20 stop loss 89.20 Target 91.30.
GBPINR
Technical Observations:
? GBPINR July fut has extension resistance at 106.90, the 76.4% of swing adjoining 97.10, 103.70and 101.90.
? The pair is heading towards an all-time high of 107.60.
? Relative Strength Index of 14 days placed at 68 and heading higher indicating positive momentum.
? Long build-up has been seen asthe price and open interest rise.
? We remain bullish on GBPINR and expect 107 in the coming weeks. Buy GBPINR July fut at 105.50 Target 107.25 Stop Loss 104
JPYINR
Technical Observations:
? JPYINR July fut closed above 21 DEMA, considered as a first sign of reversal.
? Relative Strength Index of 14 days exited from the oversold zone and heading higher indicating a positivemomentum.
? MACD has given a positive cross-over to the MACD average and moving towards a zero line.
? Derivative data indicating short covering in the week gone as price rises while the open interest declined.
? Buy JPYINR above 58.25 Target 59.70 stop loss 57.30.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Economy 12345.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Footwear_1236.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy_NBFC.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Adani port.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/shriram finance logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma_101.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Health Insurance_487.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/World Bank_04Apr.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Investment 15.10.2023.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/cybersecret.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/50b0245a16f26d1e18bc5e2b267d2d25.jpg)
The Changing Landscape Of Fintech
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)