Insignia Consultants
New Delhi
Thursday, May 23, 2019
TIME: 8:40 am IST
FOREX TECHNICAL LEVELS
(inter-bank prices below)
Momentum is bullish for US dollar. FOMC minutes
did not have any impact on currency markets. World is reacting to Chinese
retaliatory reaction of black listing of its companies. News of all kinds has
failed to change the trend of the US dollar. Cable fell on Brexit uncertainty
and its political impact in UK.
|
CURRENCY SPOT TECHNICAL LEVELS
|
||||
|
|
EURO/USD
|
GBP/USD
|
USD/JPY
|
USD/IDR
|
|
CMP
|
1.1153
|
1.2649
|
110.27
|
14515.00
|
|
S5
|
1.1110
|
1.2462
|
109.41
|
14,437.50
|
|
S4
|
1.1120
|
1.2507
|
109.62
|
14,456.10
|
|
S3
|
1.1132
|
1.2556
|
109.84
|
14,476.25
|
|
S2
|
1.1137
|
1.2578
|
109.94
|
14,485.40
|
|
S1
|
1.1143
|
1.2605
|
110.07
|
14,496.71
|
|
|
|
|
|
|
|
R1
|
1.1163
|
1.2693
|
110.47
|
14,533.29
|
|
R2
|
1.1169
|
1.2720
|
110.60
|
14,544.61
|
|
R3
|
1.1175
|
1.2743
|
110.70
|
14,553.75
|
|
R4
|
1.1186
|
1.2791
|
110.92
|
14,573.90
|
|
R5
|
1.1196
|
1.2836
|
111.13
|
14,592.50
|
|
ALL PRICES VERSUS THE US DOLLARS ABOVE
|
||||
|
CMP = Current Market Price
|
||||
|
FOR SMALL TRADING/JOBBING PURPOSE
|
||||
|
ABOVE TECHNICALS ARE ONLY FOR REFERENCE
|
||||
Euro/usd: (a) There is massive support
between 1.1090-1.1120 zone. (b) Crash will be there only below this zone.
Gbp/usd: (a) Psychological 1.2500 is the
key long term support. (b) Cable needs to trade over 1.2500 till 8th
June to rise to 1.3000 and 1.3200. (c) Trend is very bearish but there is hopes
of sharp pullback rallies as long as cable trades over 1.2500.
Usd/Idr: (a) 14650-14750 will not be
easy for the Rupiah to break in the short term. (b) In case Rupiah does not
break 14650-14750 zone by 25th June then chances of fall to 14100
and below will be very high. (c) Trading volumes will be low in the Rupiah till
“Eid” around 7th June.
Usd/jpy: (a) Crash or sell off will be
there below 109.82 only.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, metals and commodities reflect
the views of the individual analyst, In no event shall Insignia Consultants or
its employees have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the
information provided in this material; or in any delays, inaccuracies, errors
in, or omissions of Information. Nothing in
this article is, or should be construed as, investment advice. Prepared by
Chintan Karnani
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS
MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN
INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
All foreign exchange
prices are for inter-bank rates.
No comments:
Post a Comment