DOLLAR rupee Future Daily Chart Analysis
Dollar rupee future of February expiry on last trading session closed at 71.31 with loss. On daily chart Dollar rupee future price trend and momentum are strong bullish. Rupee on strong recovery hit 70.75 levels but failed to hold it. Now dollar above 70.75 support zone will remain bullish and buy and accumulate as daily chart indicators are oversold and suggesting rally for dollar from here. On upside 72 and then 73 rupees are buy side target zones with stop loss below 70.75 levels.
Dollar rupee future weekly chart analysis
Dollar rupee future on weekly chart showing loss for this week. This was second losing week for dollar after last week’s correction and consolidation.
From medium to long term view, Dollar rupee future is uptrend and taken strong support around 69.4 and now heading towards my 2019 investment targets of 75.3 and above it next target will be around 80.6 rupees. Expect strong rupee for 2019 below 69.4 level only till then keep buy on dips view for dollar.
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Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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