WEEKLY CURRENCY OUTLOOK (03/05/2010)
USD-INR:- In our view it has strong resistance at 44.80 & downside it will head lower for 43.45 or still lower to 42.95.
EURO-INR:- In our opinion it has completed the major downward pattern & we are expecting a bounce to 62.40-62.70 range.
GBP-INR:- It has completed the upward bounce at 68.85 & started on downward journey towards the 65.65.
JPY-INR:- We do not see it declining below 46.75 & on the upside we see it rising to 48.65 level.
EURO-USD:- In our view it has completed a major downward pattern & an imminent bounce from this is very much on cards. In our estimate this bounce should be coming to minimum at 1.3675 & maximum to 1.3845.
GBP-USD:- In our view it has completed the corrective rise at 1.5524 & we do not see it crossing. On the downside it will find good support at 1.4800.
USD-JPY:- We are looking for one more nominal high above 94.78 in the vicinity of 95.00-95.20 & then reacting
DOLLAR-INDEX:- In our view it has completed the five wave pattern at 82.87 & should react to 80.50.
EURO-INR:- In our opinion it has completed the major downward pattern & we are expecting a bounce to 62.40-62.70 range.
GBP-INR:- It has completed the upward bounce at 68.85 & started on downward journey towards the 65.65.
JPY-INR:- We do not see it declining below 46.75 & on the upside we see it rising to 48.65 level.
EURO-USD:- In our view it has completed a major downward pattern & an imminent bounce from this is very much on cards. In our estimate this bounce should be coming to minimum at 1.3675 & maximum to 1.3845.
GBP-USD:- In our view it has completed the corrective rise at 1.5524 & we do not see it crossing. On the downside it will find good support at 1.4800.
USD-JPY:- We are looking for one more nominal high above 94.78 in the vicinity of 95.00-95.20 & then reacting
DOLLAR-INDEX:- In our view it has completed the five wave pattern at 82.87 & should react to 80.50.
Posted by JKD VIEWPOINT at 5/3/2010 
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
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