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EURINR – Ways2Capital

EURINR opened gap up and continued the trades on positive note on Wednesday.

On the daily chart, pair has given Falling trend line breakout, which indicates bullish movement in the counter.

Furthermore, pair has been trading above “Parabolic SAR” , which suggests upward trend for near term.

On the daily chart. a momentum indicator RSI (14) has shown positive crossover .

So based on the above studies, we expect bullish movement in EURINR (Mar) future towards 81.50 level.

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GBPINR – Ways2Capital

GBPINR opened gap up and continued the trades on positive note on Wednesday.

On the daily chart, pair has given Falling trend line breakout, which indicates bullish movement in the counter.

Moreover, pair has trading above 50 day SMA , which indicates bullish movement in the counter.

In addition, a momentum indicator RSI (14) has shown positive crossover on the daily chart.

Hence, we expect bullish movement in GBPINR (Mar) towards 95.60 level.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

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JPYINR – Ways2Capital

JPYINR opened gap up and continued the trades on positive note on Wednesday.

On the daily chart, pair has given Falling trend line breakout, which indicates bullish movement in the counter.

Moreover, pair has trading above 50 day SMA , which indicates bullish movement in the counter.

In addition, a momentum indicator RSI (14) has shown positive crossover on the daily chart.

So based on the above technical aspects, we expect to bullish movement in JPYINR (Mar) towards 65.20 level.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

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USDINR – Ways2Capital

USDINR has moved on positive note during the Wednesday trades.

On the daily chart, pair has taken Raising trend line support, which indicates bullish movement in the counter.Moreover, pair has been trading above “Parabolic SAR” , which suggests upward trend for near term.

In addition, a momentum indicator RSI (14) has shown positive crossover on the daily chart. So based on the above analysis, we expect bullish movement in USDINR (Mar) towards 71.90 level.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

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Give a Missed Call for Free Trial – 09699997717

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Rupee Opens Lower At 71.26 Per Dollar

The Indian rupee opened lower at 71.26 per dollar on Thursday versus Wednesday’s close 71.22.

Yesterday, rupee came under pressure for the second successive sessions after tensions flared between Indian and Pakistan border. Uncertainty following the uncertainty could continue to keep market participants on the edge.

On the domestic front, investors will be keeping an eye on Q3 GDP number; expectation is that the growth number could disappoint and that could continue to keep the currency under pressure. Sustained surge in global crude oil prices could also weigh on the rupee in the near term. Today, USD-INR pair is expected to quote in the range of 71.05 and 71.70.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

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Give a Missed Call for Free Trial – 09699997717

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JPYINR – Ways2Capital

JPYINR trading range for the day is 64.2-64.86.

JPY traded in range after U.S. President Donald Trump said he will delay raising tariffs on Chinese goods on March 1.

BoJ’s Kuroda: Expect that’s reflection of US prices, China slowdown. BoJ policy doesn’t have currency manipulation as target

BoJ’s Governor Haruhiko Kuroda: Will continue to closely watch policy impact on markets, Fed has been giving slightly more cautious comments.

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GBPINR – Ways2Capital

GBPINR trading range for the day is 92.95-95.09.

GBP gained on report U.K. Prime Minister Theresa May could seek to delay a Brexit deadline.

The report said May is expected to allow her cabinet to discuss extending the deadline beyond March 29.

A delay might also anger May’s pro-Brexit colleagues who could even support a vote of no confidence in the government, potentially triggering a general election.

For Quick Trial – 8962000225 ✔

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