1. 10th Sept 2014 Currency Highlights
USDINR
USDINR Technical View:
USDINR below hourly chart with strong up price moves on 9 September 2014 as it open gap up.
Moving Average: The 20 EMA works excellent for all the currency pair for knowing the short to medium trend. As the price have close above 20 EMA on hourly basis now short term trend has turned to up for 61.00 and 61.10 levels.
Candlestick: The closing candle on the hourly chart is strong bullish candlestick pattern which again confirms the strength in the USDINR.
RSI : The RSI is well above the mid -range level of 50 so any correction in prices and RSI to stay above 50 level will be an opportunity to buy USDINR.
ADX: ADX is also confirms the trend with values above 25.
Economic Indicators Date Time Data Prior Expected Impact
10.09.14
07:30PM Wholesale Inventories m/m
0.3%
0.5%
Actual>Expected=Good for USD
10.09.14
08:00PM Crude Oil Inventories
-0.9M
No consistent effect
10.09.14
10:31 PM 10-y Bond Auction
2.44|2.8
No consistent effect
2. 10th Sept 2014 Currency Highlights
EURINR
EURINR Technical View:
The EURINR below hourly chart represent the price are now near a important levels.
Moving Average: Prices of the pair EURINR are now just at 20EMA on hourly basis as the price will stay above the 20 EMA on hourly basis EURINR to fill the up gaps it made recently.
Candlestick: The First hourly candle for which EURINR formed its low is strong bullish candlestick pattern which confirms a short term uptrend in EURINR.
RSI: The RSI has now well above the oversold region of 30 on hourly basis which now confirm the uptrend.
ADX: ADX on hourly chart is flat but well above trend decider level of 25 so again any correction will be an buying opportunity in EURINR.
Economic Indicators Date Time Data Prior Expected Impact
10.09.14
11:00 AM French Final Non-Farm Payrolls q/q
0.1%
0.1%
Actual>Expected=Good for EUR
10.09.14
12:15 PM French Industrial Production m/m
1.3%
-0.4%
Actual>Expected=Good for EUR
10.09.14
Tentative German 10-y Bond Auction
No consistent effect
3. 10th Sept 2014 Currency Highlights
GBPINR
GBPINR Technical View:
The below is the hourly chart of GBPINR with prices at important reversal point.
Moving Average : The GBPINR prices are near 20 EMA on hourly chart and with prices to stay above on hourly basis GBPINR will fill its up gap it made recently for target of 99.00 level.
Candlestick Pattern : Like the USDINR & EURINR GBPINR has made a low with strong bullish candlestick pattern confirming the trend.
RSI : RSI on the hourly chart is breaks the oversold region 30 and to stay above it on hourly basis suggesting the more steam for GBPINR for short term uptrend.
ADX : ADX is above the 25 levels on the hourly basis any correction with ADX staying above 25 levels on hourly basis will give a strong trending move upside.
Economic Indicators Date Time Data Prior Expected Impact
10.09.14
07:15 PM Inflation Report Hearings
More hawkish =Good for GBP
4. 10th Sept 2014 Currency Highlights
JPYINR
JPYINR Technical View:
The below is the hourly chart of JPYINR with prices at important resistance level.
Moving Average : In below hourly chart prices has just near 20 EMA and prices staying above the 20 EMA on hourly basis will confirm its short term uptrend.
RSI : RSI has risen from its oversold 30 level with price supporting it still has steam for higher level supporting our view of short term uptrend in JPYINR.
ADX: ADX is just falling but well above the 25 level on hourly basis again it will be a supporter for JPYINR prices to move upwards
Economic Indicators Date Time Data Prior Expected Impact
10.09.14
05:20 AM Core Machinery Orders m/m
4.1%
8.8%
Actual>Expected=Good for JPY
10.09.14
05:20 AM PPI y/y
4.1%
4.3%
Actual>Expected=Good for JPY
6. 10th Sept 2014 Currency Highlights
Disclaimer
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