Wednesday, 12 September 2012

Trading the currency pairs at MCX on 13th September


For currency pairs trading at MCX I give below the pivot points


EURINR-I
GBPINR-I
JPYINR-I
USDINR-I
R3
71.9275
89.4133
71.6067
55.6783
Mid R3
71.7913
89.3350
71.5088
55.6213
R2
71.6550
89.2567
71.4108
55.5642
Mid R2
71.5750
89.1850
71.3063
55.4988
R1
71.4950
89.1133
71.2017
55.4333
Mid R1
71.3588
89.0350
71.1038
55.3763
Pivot
71.2225
88.9567
71.0058
55.3192
Mid S1
71.1425
88.8850
70.9013
55.2538
S1
71.0625
88.8133
70.7967
55.1883
MID S2
70.9263
88.7350
70.6988
55.1313
S2
70.7900
88.6567
70.6008
55.0742
Mid S3
70.7100
88.5850
70.4963
55.0088
S3
70.6300
88.5133
70.3917
54.9433

The EURO continues to rise and most likely to find new highs. The JPY is weak. May come down. The USD may stage a comeback the GBP  also has shown some strength. The above pivot points should be consulted while taking positions.

Happy trading !!

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