Currency pairs trading at MCX
|
|
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
|
R3
|
70.7817
|
89.2567
|
71.3425
|
55.9767
|
|
Mid R3
|
70.7088
|
89.1663
|
71.2288
|
55.9250
|
|
R2
|
70.6358
|
89.0758
|
71.1150
|
55.8733
|
|
Mid R2
|
70.5900
|
88.9138
|
70.9050
|
55.7875
|
|
R1
|
70.5442
|
88.7517
|
70.6950
|
55.7017
|
|
Mid R1
|
70.4713
|
88.6613
|
70.5813
|
55.6500
|
|
Pivot
|
70.3983
|
88.5708
|
70.4675
|
55.5983
|
|
Mid S1
|
70.3525
|
88.4088
|
70.2575
|
55.5125
|
|
S1
|
70.3067
|
88.2467
|
70.0475
|
55.4267
|
|
MID S2
|
70.2338
|
88.1563
|
69.9338
|
55.3750
|
|
S2
|
70.1608
|
88.0658
|
69.8200
|
55.3233
|
|
Mid S3
|
70.1150
|
87.9038
|
69.6100
|
55.2375
|
|
S3
|
70.0692
|
87.7417
|
69.4000
|
55.1517
|
Except Euro all the other currencies have lost some value. All currencies
were trading in overbought zone and one could expect selling to happen. So nothing
new with the change in price. The point to note is there could be further drop
in values as we learn from the charts at
lease for few trading sessions. Traders should be watchful of Nifty’s movement
which has a correlation with USD. If Nifty meets a stiff resistance the
currencies could stage a comeback and rise again. Therefore a cautious approach
is needed.
Happy trading!
No comments:
Post a Comment