CMP
|
|||||
|
usd/inr
|
usd/idr
|
euro/usd
|
gbp/usd
|
usd/jpy
|
CMP
|
71.7425
|
14034.00
|
1.1045
|
1.2340
|
107.43
|
S5
|
71.1750
|
13862.50
|
1.0870
|
1.2129
|
105.42
|
S4
|
71.3950
|
13915.00
|
1.0908
|
1.2187
|
106.17
|
S3
|
71.4700
|
13945.00
|
1.0950
|
1.2247
|
106.57
|
S2
|
71.6125
|
13981.00
|
1.0969
|
1.2280
|
106.92
|
S1
|
71.6950
|
14020.00
|
1.0992
|
1.2312
|
107.27
|
|
|
|
|
|
|
R1
|
71.8775
|
14059.60
|
1.1068
|
1.2373
|
107.67
|
R2
|
72.0250
|
14095.00
|
1.1091
|
1.2431
|
108.06
|
R3
|
72.1775
|
14130.40
|
1.1110
|
1.2478
|
108.42
|
R4
|
72.3525
|
14170.00
|
1.1152
|
1.2581
|
108.78
|
R5
|
72.5750
|
14245.00
|
1.1190
|
1.2676
|
109.03
|
|
|||||
CMP= Current price market price
|
|||||
ABOVE TECHNICALS ARE ONLY FOR REFERENCE
|
Brexit news will affect
cable. Euro is steady. Traders are waiting for European central bank meeting on
Thursday. After the ECB, currency market will position themselves for FOMC next
week. Volatility will rise. Focus will be on economic data releases of every
nation. Do not ignore bond yields. Indian markets are closed due to Islamic
festival of “Moharram”. Rupiah is in a crucial seven trading session right now.
If rupiah trades below 14020 till 19th September then ti will near
14000 and below in the immediate term.
Euro/usd and gbp/usd if
they rise on or after the European central bank meeting on Thursday should see
atleast five percent more before FOMC.
USD/INR: (a) Rupee needs to trade over 71.6925 to rise further. (b)
Sell off till Friday will be there if rupee trades below 71.6925 to 71.5025 and
70.4425. (c) Key support till next week is at 71.5025.
USD/IDR: (a) Key weekly support is at 14020. (b) Rupiah will crash if it
trades below 14020 to 13945 and 13900. (c) A daily close below 14020 today and
continuously till Friday can result in 13825 and 13735 by next week. (d) Rupiah
needs to trade over 14095-14110 zone for the rest of the week to rise further.
Euro/usd:
(a) Euro needs to trade over 1.1020 till
Thursday to rise to 1.1138-1.1264. (b) Small sell off will be there below
1.1020.
Gbp/usd: (a) Immediate support is at 1.2317. Key support is at 1.2234.
(b) Cable needs to trade over 1.2234 till Friday to rise to 1.2527. (c) Sell
off will be there below 1.2234.
Usd/jpy: (a) Key support is at 107.13. (b) Sell off will be there below
107.13 to 106.44 and 105.80. (c) However yen can rise to 108.18 as long as it
trades over 106.90-107.13 zone.
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.
Follow
us on Twitter @insigniaconsul1
PLEASE
NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE TIME
GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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