Daily Currency Technical Report 13 August,2015 - Emkay Commotrade

Aug 14, 2015 09:12

Source:SMM

USDINR pair witnessed a gap up opening and prices moved higher to hit an intraday high of 64.95 levels. The pair closed at 64.76 with a gain of 0.89% yesterday.

By Paul Ploumis 13 Aug 2015 Last updated at 03:18:38 GMT

USDINR pair witnessed a gap up opening and prices moved higher to hit an intraday high of 64.95 levels. The pair closed at 64.76 with a gain of 0.89% yesterday.

DAILY FX TECHNICAL

USDINR Spot – Daily Chart

USDINR pair witnessed a gap up opening and prices moved higher to hit an intraday high of 64.95 levels. The pair closed at 64.76 with a gain of 0.89% yesterday. The breakout will be valid only if prices sustain above 64.40 levels for few sessions. Immediate upside target for the pair is seen around 65.25 levels. Dips will find support between 64.50-64.40 zones.

EURUSD – Daily Chart

EURIUSD pair rallied throughout the previous session and prices hit an intraday high of 1.1214 levels yesterday. The momentum can take prices higher towards 1.1280/1.1325 levels over the coming sessions. Dips from hereon will find support around 1.1150-1.1100 zones.

GBPUSD –Daily Chart

GBP/USD pair rallied into its resistance areas and prices hit an intraday high of 1.5660 levels. A decisive breakout above 1.5700 will open up upside targets of 1.580511.5900 levels for GBP/USD pair. Areas between 1.547011.5425 levels will act as support on the downside.

USDJPY –Daily Chart

USD/JPY pair sold-off from its intraday highs at 125.28 levels and the pair cracked below its support at 124 levels yesterday. If pullback rallies fail to break above 124.50 then prices will move correct further towards 123/122.50 levels over the coming sessions. A daily close above 124.50 will see prices rebound back towards 125 levels.

Currency	Technical Outlook for the day on Indian Pairs
USDINR	Aug. USDINR pair hit an intraday high of 65.15 levels and closed the session at 64.99 levels with a gain of 0.86% yesterday. The breakout will be valid only if prices sustain above 64.60 levels for few sessions. Immediate upside target for the pair is seen around 65.60 levels. Dips will find support between 64.70-64.60 zones..
EURINR	Aug. EURINR pair witnessed a gap up opening an the pair rallied higher to close at 72.41 levels with a gain of 1.85% yesterday. We expect the pair to move higher towards 73)73.42 levels over the coming sessions. Intraday dips will find support around 72-72.75 zones The outlook for EURINR pair will remain positive until prices stay above 71 levels.
JPYINR	Aug. JPYINR pair gapped up and prices closed with a gain of 1.43% yesterday. Dips will find support around 52.10-52 levels. On the higher side prices can rally towards 52.60/52.75 levels over the coming sessions. The outlook for JPYINR pair will remain positive until prices stay above 51 80 levels.
GBPINR	Aug. GBPINR pair closed with a gain of 0.93% yesterday. If the pair sustain above 101 levels then prices can move higher towards 102.30/102.90 levels over the coming sessions. Dips from higher levels will find support between 100.80-100.50 zones.

Courtesy : Emkay Commotrade

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Daily Currency Technical Report 13 August,2015 - Emkay Commotrade

DAILY FX TECHNICAL

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