Daily Forex Currency Trading Tips For Beginners

Market Outlook The rupee opened at 71.8525 and traded in the range of 72.3175 and 71.8525 against the US dollar in early trade on Thursday, tracking a weak domestic equity market and persistent foreign fund outflows. Pessimism over US-China trade talks also put pressure on the domestic unit. However, a weak dollar against other major[…]

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Market Outlook Indian Rupee depreciated by 24 paise to 69.46 against the US dollar in early trade on Monday on increased demand for the US currency from importers and weak opening in domestic equities. US President Donald Trump on Sunday threatened to raise tariffs on USD 200 billion worth of Chinese goods and this in[…]

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Market Outlook Indian Rupee fell sharply by 47 paise to 69.82 against dollar in early trade on higher demand for the greenback from importers. However, it erased most of the losses and trading at day’s high level at 69.53/$. Rupee consolidated in a narrow range for the whole week following lack of domestic and global[…]

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Market Outlook Daily Market Reflection  16th April 2019 Against the US dollar, the Indian rupee depreciated by 5 paise to open at 69.2975 on increased demand for the greenback from importers and banks. Moreover, strengthening of the American currency in the overseas market weighed on the domestic unit. On the economic front, India’s industrial production (base[…]

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Market Outlook Rupee opened down by 9 paisa, made a high of 65.0700 in early trade and hovering in the range of 21 paisa during trading hours the dollar at the interbank forex market today on fresh selling of the greenback by exporters and RBI Monetary Policy set to remain stable. Dollar was under pressure[…]

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Market Outlook The Rupee opened at 65.1775 down by 3 paisa, made a high of 65.0650 in early trade and Rupee howering in the range of  23 paisa between 65.2900 to 65.0650 during trading hours due to dollar on increased selling of the greenback by exporters and banks ahead of the Reserve Bank of India’s[…]

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Market Outlook The Rupee opened at 65.2475 up by 11 paisa, made a high of 65.1450 in early trade and Rupee howering in the range of 15 paisa between 65.2975 to 65.1450 during trading hours against dollar due to weakening of dollar against other currencies overseas supported the rupee. The dollar weakened against other global[…]

Beginner Guide For Intraday Forex Trading

What Is Forex?  The foreign exchange is a place where currencies are traded. Currencies are very important every people of the world, because currencies required to be exchanged in order to conduct business and foreign trade. Currency trading is conducted electronically over-the-counter, that means all transactions perform via online trading software around the world. The[…]

Live Currency Market News 29 Feb

Support for CURRENCY USDINR Support is seen at 68.9000, 68.8000 And 68.7000 levels While resistance is seen 69.2000, 69.3000 And 69.4000 levels. Support for CURRENCY EURINR Support is seen at 75.9000, 75.8000 And 75.7000 levels While resistance is seen at 76.2000, 76.3000 And 76.4000 levels. Support for CURRENCY GBPINR Support is seen at 96.1000, 95.9000[…]

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PIVOT TABLE CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 64.8000 64.7000 64.6000 65.0000 65.1000 65.2000 EURINR 73.6000 73.5000 73.4000 73.9000 74.0000 74.1000 GBPINR 100.1000 100.0000 99.9000 100.5000 100.6000 100.7000 JPYINR 54.4000 54.3000 54.2000 54.7000 54.8000 54.9000 TECHNICAL VIEW EURINR EURINR on daily charts showed downfall for the second consecutive session and the downfall may[…]

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  PIVOT TABLE CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 66.3000 66.2000 66.1000 66.5000 66.6000 66.7000 EURINR 74.0000 73.9000 73.8000 74.4000 74.5000 74.6000 GBPINR 100.8000 100.7000 100.6000 101.1000 101.3000 101.5000 JPYINR 55.2000 55.1000 55.0000 55.4000 55.5000 55.6000 TECHNICAL VIEW EURINR GBPINR on its daily charts continued the downtrend and closed around the intraday lower[…]

Forex Tips For International Market

PIVOT TABLE CURRENCIES S1 S2 S3 R1 R2 R3 USDINR 65.9000 65.8000 65.7000 66.1000 66.2000 66.3000 EURINR 73.5000 73.4000 73.3000 73.9000 74.0000 74.1000 GBPINR 100.8000 100.6000 100.4000 101.2000 101.4000 101.6000 JPYINR 54.8000 54.7000 54.6000 55.0000 55.1000 55.2000 TECHNICAL VIEW GBPINR GBPINR on its daily charts had given negative breakout of its important support of 101.2200[…]