The daily forex report provides analysis and levels for major currency pairs against the Indian rupee. On August 21st, the USD/INR pair opened at 70.03 and reached a high of 70.03 before closing at 70.31, down 0.60% for the day. The EUR/INR pair opened down at 79.9875 and closed at 80.015, down 0.24% while the GBP/INR pair opened at 89.3 and closed at 89.37, down 0.19% on the day. Pivot levels and technical analysis are given for major currency pairs along with the day's pick and trading strategy.
2. Forex Daily Report
Daily Levels:
Pair Trend Open High Low Close
%
Change
% Open
Interest
USD/INR AUG UP 70.03 70.03 69.655 70.31 -0.60 -6.72
EUR/INR AUG DOWN 79.9875 79.995 79.555 80.015 -0.24 -3.06
GBP/INR AUG SIDEWAYS 89.3 89.3 88.7725 89.37 -0.19 -7.29
JPY/INR AUG UP 63.5 63.5 62.9825 63.4375 -0.37 -16.49
Pivot Levels:
Pair R2 R1 PIVOT S1 S2
USD/INR 70.66 70.48 70.32 70.14 69.98
EUR/INR 80.37 80.19 80.07 79.90 79.78
GBP/INR 89.79 89.58 89.45 89.23 89.10
JPY/ INR 63.70 63.57 63.46 63.33 63.22
3. Forex Daily Report
Economic Data:
Time Currency Events Forecast Previous
2:00pm GBP Public Sector Net Borrowing -2.1B 4.5B
3:30pm GBP CBI Industrial Order Expectations 10 11
Pick for the Day: N
Technical View:
USDINR AUG is open at 70.03 on Monday trading session and went up to 70.03 and Further
Appreciations of USDINR is expected. USDINR is expected to trade on higher in a range
between 69.90 on lower side to 71.00 on upper side with uptrend.
Trading Strategy: BUY USDINR AUG ABOVE 70.15 TG 70.35/70.50 SL 69.70
4. Forex Daily Report
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