WEEKLY CURRENCY OUTLOOK (01/02/2010)

USD-INR:- At 45.12 it has completed the major downward pattern & turn for upside. For the coming week we see a major support at 45.85 & 47.05 is the first target & then 47.60 is second target.Your browser may not support display of this image.



EURO-USD:-
It is in strong downturn & may open with the gap down.We see 1.3700 as first temporary stop & then at 1.345.   
Your browser may not support display of this image.


GBP-USD:-
It is forming a downward channel within a downward channel with increasing downward momentum. We have estimated two down targets at 1.5835 & 1.5710 for the coming week.

 

  USD-JPY:- It has strong support at 89.10 on downside & we expect it will touch the 91.90 on upside in coming week.

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.