IMV FOREX UPDATE
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Indian Market View (Finaux Alpha 6 Investment Advisor Pvt. Ltd.). We are a SEBI registered Investment adviser.

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๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat Note CMP 68.88 โ†”

Support is 68.70 Resistance is 69.30

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1310---1.1325

GBPUSD - 1.3199---1.3227

USDJPY โ€“ 109.7900---110.1000
๐Ÿ’ฒ CURRENCY UPDATE ๐Ÿ’ฒ

Market participants are cautious ahead of RBIโ€™s first ever Rupee-Dollar swap auction to infuse Rs 35000 crore into the Indian banking system.

โžก On the technical front,

โžก USDINR has its support at 68.70 Resistance is 69.20

Break and sustain below 68.70 will take it to 68.40---68.10 mark else could touch its resistance level of 69.20 mark.

Fresh buying can be seen on close above 69.20.

Do not go for aggressive buying or selling in Currency segment. Trade in a range and wait for confirmation in trend as we are expecting that market will trade range-bound .

Trade with levels only
๐Ÿ‘‰ ENERGY UPDATE:

Natural Gas on MCX weighed down by a fall in demand from the Sabine Pass export terminal in Louisiana, warmer weather and a smaller year-on-year inventory deficit. The amount of gas flowing to Cheniere Energy Inc's Sabine Pass liquefied natural gas export terminal fell by almost half by Friday from a record high earlier in the week, according to energy data. The U.S. Energy Information Administration (EIA) said utilities pulled just 47 billion cubic feet (bcf) of gas from inventories during the warmer than normal week ended March 15.

Source: Investing.com

๐Ÿ‘‰ On the Technical front, Natural Gas (April) looks weak ๐Ÿ“‰๐Ÿ“‰ on the chart. ๐Ÿ“Š๐Ÿ“Š

It has its support at 189 and resistance is seen at 195.

Break and sustain above 195 will see 200---205 levels or else it can tumble down to touch its support levels of 189 again.

Fresh selling can be seen only on close below 189.

Trade with levels only.
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat Note CMP 68.97

Support is 68.70 Resistance is 69.30

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1324---1.1296

GBPUSD - 1.3194---1.3194

USDJPY โ€“ 109.9800---110.5800
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Positive Note CMP 69.29

Support is 69.10 Resistance is 69.50

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1312---1.312

GBPUSD - 1.3225---1.3221

USDJPY โ€“ 110.4800---110.6000
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Negative Note CMP 69.45 โฌ‡โฌ‡

Support is 69.30 Resistance is 69.70

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1264---1.1264

GBPUSD - 1.3096---1.3089

USDJPY โ€“ 110.4500---110.4500
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat Note CMP 69.63

Support is 69.20 Resistance is 69.70

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1241---1.1241

GBPUSD - 1.3085---1.3080

USDJPY โ€“ 111.1000---111.1000
๐Ÿ”” Currency Opening Bell. ๐Ÿ””

USDINR.... Open on a Negative Note CMP 69.00

Support is 68.90 Resistance is 69.20

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1246---1.1256

GBPUSD - 1.3155---1.3151

USDJPY โ€“ 111.0900---111.0900
๐Ÿ’ฒ CURRENCY UPDATE: ๐Ÿ’ฒ

We will trade cautious ahead of RBIโ€™s monetary policy on April 4, 2019. High volatility is expected in market. Kindly, do not go for aggressive buying or selling at current levels.
๐Ÿ‘‰ Back to back... 2 stop loss triggered in Currency segment ๐Ÿ˜ข๐Ÿ˜ข๐Ÿ˜ข

Volatility ahead of Upcoming RBI monetary policy.

We are working on it. Soon we will provide premium recovery call in it.
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat Note CMP 68.88 โ†”

Support is 68.70 Resistance is 69.20

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1246---1.1263

GBPUSD - 1.3199---1.3199

USDJPY โ€“ 111.0900---111.1600
๐Ÿ’ฒ Just updated levels of Comex Gold, Dollar Index, WTI Crude, Copper and EURUSD ๐Ÿ’ฒ

Click on the below link to read our fresh International update

http://www.indianmarketview.com/2019/4/International-update

If you have any query then feel free to ask. Your satisfaction is important for us
๐Ÿ”” Currency Opening Bell ๐Ÿ””

USDINR.... Open on a Flat Note CMP 69.31

Support is 69.20 Resistance is 69.50

Either side break or close with volume will decide further action in it.

Trade with levels only

Cross Currency โ€ฆOpen --- CMP

EURUSD โ€“ 1.1269---1.1243

GBPUSD - 1.3106---1.3105

USDJPY โ€“ 111.3400---111.3300