Report for Date: 19/07/2017
USD/INR: Expect Further Appreciation for Indian Rupee
Indian Rupee is being slowly gaining upper hand against US dollar after a tight sideways range.
It is expected to be further appreciation for Indian Rupee against US dollar for coming sessions.
US Dollar may slide to 64.00 – 63.90 levels or below against Indian Rupee.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
64.27
|
64.48
|
DOWN
|
64.45
|
10.07
|
64.13
|
64.23
|
64.30
|
64.33
|
64.43
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
39.51
|
-5.31
|
0.00
|
-100.00
|
-0.03
|
-101.90
|
35.51
|
-7.77
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.