NSE Currency Future Report: 6th February 2019
Wednesday, February 6, 2019
TIME: 9:16 am IST
NSE CURRENCY FUTURES DAILY REPORT
Just trade in the technical today. Euro and pound are bearish but can reverse anytime. There is lack of news. US economic data releases is not as bad as traders were expecting. This has resulted in short covering in the US dollar Index. I believe that chances of June interest rate hike by the Federal Reserve will be very high if US economy remain firm in February.
US dollar-Indian Rupee 26th February 2019 future (usd/inr CMP 71.7525):
One Support: 71.4775
One Resistance: 71.9575
- Key support till Friday is at 71.4775.
- Crash will be there only below 71.4775.
Euro/Indian Rupee 26th February 2019 Futures (Euro/inr CMP 81.9350):
One Support: 81.8400
One Resistance: 82.1325
- Crash will be there below 81.8400.
- Euro/inr needs to trade over 82.1325 to be in intraday bullish zone.
UK Pound/Indian Rupee 26th February 2019 Futures (Gbp/inr CMP 93.0300):
One Support: 92.8775
One Resistance: 94.2075.
- Crash will be there below 92.8775 to 92.2500.
- Gbp/inr needs to trade over 93.2075 to be in intraday bullish zone.
Japanese Yen/Indian Rupee 26th February 2019 Futures (Jpy/inr CMP 65.4450):
One Support: 65.3675
One Resistance: 65.6200
- Crash will be there only below 65.2200.
- Jpy/inr needs to trade over 65.6200 to rise further.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
All foreign exchange prices are for inter-bank rates.
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