Trading the currency pairs at MCX
Except the Euro all currencies
have shown weakness. A clear picture
will emerge today about the direction of USD, GBP and JPY. JPY has lost some
value and may stage a comeback. So the traders should assess the market before
taking any position.
I give below the pivot levels for trading on 11th Tuesday.
|
|
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
|
R3
|
71.4350
|
89.8150
|
71.3392
|
55.9175
|
|
Mid R3
|
71.3213
|
89.5813
|
71.2388
|
55.8313
|
|
R2
|
71.2075
|
89.3475
|
71.1383
|
55.7450
|
|
Mid R2
|
71.1425
|
89.2013
|
71.0750
|
55.6950
|
|
R1
|
71.0775
|
89.0550
|
71.0117
|
55.6450
|
|
Mid R1
|
70.9638
|
88.8213
|
70.9113
|
55.5588
|
|
Pivot
|
70.8500
|
88.5875
|
70.8108
|
55.4725
|
|
Mid S1
|
70.7850
|
88.4413
|
70.7475
|
55.4225
|
|
S1
|
70.7200
|
88.2950
|
70.6842
|
55.3725
|
|
MID S2
|
70.6063
|
88.0613
|
70.5838
|
55.2863
|
|
S2
|
70.4925
|
87.8275
|
70.4833
|
55.2000
|
|
Mid S3
|
70.4275
|
87.6813
|
70.4200
|
55.1500
|
|
S3
|
70.3625
|
87.5350
|
70.3567
|
55.1000
|
Happy trading!
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