Tuesday 4 September 2012

MCX Currency trading on 5th September


Currency pairs trading at MCX


For the currency pair traders at MCX I give below the pivot point charts which will be helpful.


EURINR-I
GBPINR-I
JPYINR-I
USDINR-I
R3
70.6675
89.0467
71.6483
56.2850
Mid R3
70.5738
88.9300
71.5363
56.1788
R2
70.4800
88.8133
71.4242
56.0725
Mid R2
70.4188
88.7450
71.3538
56.0100
R1
70.3575
88.6767
71.2833
55.9475
Mid R1
70.2638
88.5600
71.1713
55.8413
Pivot
70.1700
88.4433
71.0592
55.7350
Mid S1
70.1088
88.3750
70.9888
55.6725
S1
70.0475
88.3067
70.9183
55.6100
MID S2
69.9538
88.1900
70.8063
55.5038
S2
69.8600
88.0733
70.6942
55.3975
Mid S3
69.7988
88.0050
70.6238
55.3350
S3
69.7375
87.9367
70.5533
55.2725

The USD appears to be cooling down now after the big move on Monday. The GPB, EURO, and JPY have some strength which can be expected to move up. But the dollar may be coming down. Traders  can trade GPB or JPY.

Happy trading!!

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