Weekly currency outlook 25 04 15

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MCX USDINR futures were ended slows up compared to previous week. It was ended at 63.820.The Moving Average is below the closing price and the value is 62.80. The RSI is in over sold zone. The averages in MACD are above the zero line and positive cross over. USD INR further may test upside is expected. The support seen at 60.747 and resistance is 66.039.


EUR/INR futures were ended at 69.2520. The Moving Average is below the closing price. The RSI is in over sold zone. Averages in MACD are above the zero line and positive cross over .It may Further upside is expected. The support seen at 65.8782 and resistance at 70.72.


GBPINR futures were traded at 96.478 in final trading day. The Moving Average is below the closing price.The RSI is over sold zone.The MACD are above the zero line and positive cross over. The GBP/INR futures upside is expected.The support seen at 91.808 and resistance 98.820.


JPY/INR Futures were traded at positively compared to previous week. It was ended at 0.5362. The Moving Average tested zone is below the previous closing price. RSI is moving towards sold zone. The averages of MACD are above the Zero line and positive cross over. JPY/INR may further upside is expected. The support seen at 0.5182 and resistance seen at 0.5464.


*chart source www.investing.com


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