FOREX REPORT (inter-bank prices below)
Direction of the US dollar Index after the
release of US June nonfarm payrolls will be the key. Monday’s trend of currency
markets is more important from a short term perspective. Brexit for Pound and
slower growth for euro will prevent them from a big rise.
Indian budget will be the key for Indian rupee.
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Forex Daily Technical Levels
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usd/inr
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usd/idr
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euro/usd
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gbp/usd
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usd/jpy
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CMP
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68.5475
|
14150.00
|
1.1280
|
1.2576
|
107.8300
|
|
S5
|
67.8550
|
14065.00
|
1.1178
|
1.2424
|
106.8800
|
|
S4
|
68.0212
|
14085.40
|
1.1202
|
1.2460
|
107.1080
|
|
S3
|
68.2013
|
14107.50
|
1.1229
|
1.2500
|
107.3550
|
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S2
|
68.2830
|
14117.53
|
1.1241
|
1.2518
|
107.4671
|
|
S1
|
68.3841
|
14129.94
|
1.1256
|
1.2540
|
107.6058
|
|
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R1
|
68.7109
|
14170.06
|
1.1304
|
1.2612
|
108.0542
|
|
R2
|
68.8120
|
14182.47
|
1.1319
|
1.2634
|
108.1929
|
|
R3
|
68.8938
|
14192.50
|
1.1331
|
1.2652
|
108.3050
|
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R4
|
69.0738
|
14214.60
|
1.1358
|
1.2692
|
108.5520
|
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R5
|
69.2400
|
14235.00
|
1.1382
|
1.2728
|
108.7800
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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USD/INR: (a) 100% retracement is at 68.8000. (b) Crash or sell off
will be there if rupee trades below 68.8000 to 68.3550 and 68.1550. (b) Rupee
needs to trade over 69.0950 this week to be in bullish zone.
USD/IDR: (a) Key weekly support is at 14048 (100 week MA). (b) Crash or
another wave of sell off will be there below 14048 to 13918. (c) Rupiah needs
to trade over 14106-14130 this week to be in bullish zone.
Euro/usd:
(a) It needs to trade over 1.1248 to
rise to 1.1333 and 1.1400. (b) Sell off will be there below 1.1248.
Gbp/usd: (a) It needs to trade over 1.2488-1.2510 zone till next week
to be in long term bullish and target 1.2715-1.2780. (b) Sell off will be there
below 1.2488-1.2510.
Usd/jpy: (a) Yen needs to trade over 107.22-107.38 zone till next week to
rise to 108.61 and 109.30. (b) Crash will be there only below 107.22.
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.
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