USDINR TECHNICAL OUTLOOK : 21.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 67.07 and made a high of 67.15 saw some sidewise session yesterday the pair had strong momentum on the upside and tested levels of 67.27 few days back and now spot in been in the range of 66.75-67.10 for past few days and the trend is likely to continue till FOMC meet
Fundamental Overview
US dollar index is trading at 95.95, continuing to remain on an appreciating note before the FOMC decision today. Though it is unlikely that the FED could move today but a mention about the improving economy and global markets could help support the US dollar. Expect range bound trading before the event and future direction would be dependent on the statement for the FED chair in the US session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
23:30:00 USD FOMC Economic Projections
23:30:00 USD FOMC Statement
23:30:00 USD Fed Interest Rate Decision 0.50% 0.50%
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NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
ALWAYS TRADE WITH STRICT STOPLOSS TO AVOID HUGE LOSS
Above is the Daily Chart of USDINR, the pair after opening at 67.07 and made a high of 67.15 saw some sidewise session yesterday the pair had strong momentum on the upside and tested levels of 67.27 few days back and now spot in been in the range of 66.75-67.10 for past few days and the trend is likely to continue till FOMC meet
Fundamental Overview
US dollar index is trading at 95.95, continuing to remain on an appreciating note before the FOMC decision today. Though it is unlikely that the FED could move today but a mention about the improving economy and global markets could help support the US dollar. Expect range bound trading before the event and future direction would be dependent on the statement for the FED chair in the US session.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
23:30:00 USD FOMC Economic Projections
23:30:00 USD FOMC Statement
23:30:00 USD Fed Interest Rate Decision 0.50% 0.50%
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
ALWAYS TRADE WITH STRICT STOPLOSS TO AVOID HUGE LOSS
