Dollar to Rupee Future Forecast

Hello Readers, Today let's discuss Dollar Index (DXY) and its expected trend for the upcoming days. The Dollar Index (DXY) has found support at 101-101.3 multiple times, since May 2022. Its direction is uncertain due to the upcoming FED interest rate announcement on May 4th at 00:30 A.M(IST) which could send the DXY soaring or tumbling. Incase, the FED hikes interest rates by 25 (bps)basis points or more then the dollar index will likely be uptrend and reach 103.50-104.70 levels in the upcoming days. If the FED leave things as it is then the DXY will go for a toss  in upcoming days down to 99.5 level. We can see a clear trend in DXY only after the FED announcement, which will also impact all the currencies worldwide.  The outcome of the FOMC meet has become the hottest topic around the globe, so don't miss out.

Hello Everyone. Hope you all are doing good! Today we will discuss about the weekly forecast of USDINR from 10.04.23 to 14.04.23 quickly. On Monday, the dollar index strengthened above 102. According to the datas released last week, including jobless claims, ISM PMIs, and other indicators, the US economy is still expected to experience difficulties. The dollar is currently at 81.90, and we'll discuss  about the USDINR's weekly trend. Looking at the chart, we can see that the dollar is holding steady at the 81.70/75 level and there  is a strong support. Therefore, it will likely rebound from here, we wll observe a trend reversal and it will face resistance at  82.20 and R2 82.50/60  as per technicals.  Hope you found this short article helpful. Thanks Forexblues.com

Hello everyone, Hope you are doing good! Today we will be discussing the USDINR expected movement in the coming weeks. After a prolonged range bound price action from 83.00 to 82.40 levels, USDINR managed to break down and trend downward. Last Friday, a combination of corporate Dollar flows, bunched-up selling from exporters, and stop-loss selling from speculators drove the pair below 82.00. In the offshore, USDINR is trading near 81.70 levels on spot reference. Immediate support is near 81.70 which act as S1, but unless RBI steps in, it is unlikely that support will hold. If the support breaks we can see 81.30/40 levels which is S2. Financial year-end exporter selling and speculative short interest can drive the pair towards a more meaningful support zone near 81.00 levels on spot. In the past, RBI had shown enough interest to build reserves near 81.00 levels.  On the Upside we expect USDINR to face resistance on 82.10/15 levels which acts as R1 and next R2 would be near 82.40/50 ...

 Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is now at 52,800 level and the resistance is at that level.  Now looking into the chart, we can see that the support is at 51,100 which is S1, which means it will depreciate to this level.  The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a downward pressure, making us believe that it probably be heading towards downfall. Also if it will break this level of 51,100, it will fall straight to S2 which is at 50,000. So this will be the upcoming movement in Gold Mini Futures according to technicals.  Hope you guys like this blog. If you have any queries, please do write to us. Thanks.

 Hello everyone,   Hope you are doing good! Today we will be discussing the GBPINR expected movement in the coming weeks.   Worried about the fall in GBPINR. It has weakened to 37-Year low and continued to depreciate to below $1.14, the lowest since 1985 as more data point to a looming recession in the UK, GBPINR at 91.00 level right now.   As per the technical, we can clearly observe that it is continuously falling from 101.00 level since Feb 2022, following a channel pattern showing a clear sign of weakness.   Retail sales in the UK sank 1.6% MoM in August, the biggest decline so far this year which also resulted in the cause of depreciation of the sterling. The immediate support is at 90.50 level. Now what can happen next ?   Will it continue to depreciate or can bounce back to 91 or 92.00 level? Well, this we can conclude from the technicals. Taking other parameters into consideration, RSI is at 23.60 level , Stochastic RSI is about ...

  Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is at 50,000 level right now. And the resistance is at 52,500 level, where it has started depreciating to 50,000 level. Now looking into the chart, we can see that the support is at 49800 which is S1, which means  it will depreciate to this level.  The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a downward pressure, making us believe that it probably be heading towards downfall. Also  if it will break this level of 49,800, it will fall straight to S2 which is at 47,000. Now what if it doesn't break the Support1? The answer to this is it will bounce back to R1 which is 52,500 level in the longer run. Hope you guys like this blog. If you have any queries, please do write to us. Thanks.  

 Hello Everyone. Hope you all are doing good !  Today we will be discussing about the Gold Expected Movement. Gold is at 52,200 level right now. And it has already touched the 52,500 level . As we can see in the chart, It is following a channel pattern and taking a downturn from now onwards. The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a reversal in trend which means it is going for a downfall soon. Now, what level will it fall? Here, in the chart, we can clearly see that it is depreciating from 52,500 level and the support is at 49,500 level. Hence we can conclude that Gold will be falling from 52,500 level to 49,500 soon.  Now the question is how long will it take to complete the run. Well, If we look at the channel line of gold since February 2022, here we can find that it is range bound between 52,500 - 49,500 levels and this run can take place probably in the next 2.5 months.  Hope you guys like this blog. If you have any ...

Hello Everyone. Hope you all are doing good!  Today we will discussing about the expected movement in Silver Mini Futures. So, If we will look at the chart, we can see that Silver has started depreciating from the level 62,200 to 55,000 level, falling from 6 weeks straight. However we can say there is a strong bearish level from 68,000 but it has hold on for sometime at 62,000. So, coming to current level of silver, it has started a trend reversal from 55,200 level i.e S1.   Now coming to the other parameters like RSI, Stochastic RSI & MACD, we can observe that they are also indicating an upward movement in Silver.  RSI is at 39.36 level  and is indicating an upward movement. Stochastic RSI has made a curve at 1.8860 and now moving upwards giving a signal for uptrend too. And in MACD, there is a signal for crossover  which is also indicating towards a trend reversal. Keeping all the parameters in mind and observing the candle movement, we can hopefully predi...

Hello everyone, Hope you are doing good! Today we will be discussing the USDINR expected movement in the coming weeks. We can see Dollar has made a Triple top at 80.06 levels on 14th july, 18th july and on 21st July as represented in charts and we expect dollar to cool down to S1 at 79.30 and S2 at 78.95 levels in the near term. MACD has a downtrend signal from 28th of July and making a cut at -0.0027 level and is showing weakness.  RBI is also controlling Dollar once it reached 80 levels as the trade deficit has widened in the recent times. RBI has sold nearly 50 Billion Dollar in the past 6 months which currently stands near 572 Billion Dollar. 4 hours chart RSI is at 22.79 levels so we can expect a bounce back to R1 levels as per the chart in the next week, however, weakness would be there in the coming days. Dollar would be taking support at S1 level at 79.30 and if this support breaks can move towards S2 level at 78.95. Thanks.

Investing in US stocks has always been a dream for Indian investors & National Stock Exchange (NSE), on March 3rd, 2022 NSE finally facilitated this service. The NSE has launched a wholly-owned subsidiary of NSE International Exchange called “ NSE International Financial Service Centre”   ( NSE IFSC ). The facility currently allows the Indians to invest in the stocks of 8 companies and has the plan to be expanded to 50 companies later. FUNCTIONALITY: The units of the investment on the NSE IFSC are “ Depository Receipts ” which are  unsponsored  in nature. Depository Receipts (DRs) are basically a kind of a part of a share & usually 5 to 200 unsponsored DRs adds up-to a share value, depending upon the company. Ø  Sponsored DRs:  When a company directly offers DRs to the investors, they are known as sponsored DRs. The holders of the sponsored DRs are entitled for every corporate benefit like ‘Dividend’, ‘Bonus Shares’ etc.   Ø  Unsponsored DRs: ...

Hello Everyone. This is Manish over here from Forexblues.com, save money earn money.  Hope you guys are doing well. So today we will be hopping into the JPYINR chart directly  to see the upcoming movement of the currency. JPY is range bound and moving in a channel since Jul 2021 and we expect  JPY to again come to 66.50+ levels,Once it breaks this level then more  upside is expected.   We expect JPY would be heading towards 66.50 levels by mid Feb 2022. If there is a breakout above 66.50 for JPY then only we can expect more upside  from here else it will move as per channel. Any breakout can lead JPY to 67.40 levels. Hope you like our articles and please subscribe to us at our social media account on  Twitter, Facebook LinkedIn, and Telegram. Download our Android apps from the Play Store.  Thanks a lot. Have a nice day.

Hello Everyone. This is Manish over here from Forexblues.com, save money earn money. Hope you guys are doing well. So today we will be hopping into the EURINR chart directly to see the upcoming movement of Dollar . Dollar at 73.80 level. As per the technicals we are observing that  there's a strong support at this level. So will it go down straight to 73.00 or we will see a bounce back to 75 level. Well, We can see in the chart that Dollar has continuosly fallen from the level 76.10 and then making a support at 74.00 Looking forward to the other parameters, the RSI & MACD are showing a downtrend.  Hence, we can conclude that it can change the trend if it wont break the 73.80 level following an uptrend upto 75.00. Lets see further what movement will it rally to  Hope you like this article. If you have any queries then please do write to us and ask questions anytime you wish. Thank You.

  Hello Everyone. This is Manish over here from Forexblues.com, save money earn money. Hope you guys are doing well. So today we will be hopping into the EURINR chart directly to see the upcoming movement of Euro. EURINR is at 84.20 level right now. Looking into the closer view of the EURINR Chart, we can see that there’s a strong resistance at 83.80. EURINR has plunged from 87.00 level to 85.00 following a downtrend upto 83.80. By analyzing it deeply, and looking widely into the chart we can conclude that the depreciation in the EURINR will take a pause and there will be a change of trend in it followed by the different parameters like MACD, RSI, BB & Stochastic RSI. The RSI is in over sold position. All these indicators are giving a signal for an uptrend. Now the question is how much will it appreciate? And what are the levels ? So, if you look into the chart you can see that the resistance is at 86.00 level. Hence we can say that there will be a trend reversal in EUR...

 Hello,  Good morning friends. This is Manish over here from Forexblues.com, save money earn money. Let's move on to the USDINR chart directly to see the upcoming movement of dollar. Right now, we can see USDINR is at 75+ level & is sustaining at the same from the last 5-6 days since 6th April. So, by analyzing the closer view of the USDINR chart , we can see that, in the last month i.e. on 24th of February, Dollar has plunged to 74.00 from 72.60 level having sustained for  two days only  following a fall right after the depreciation. Similarly, in the current scenario, we can expect the dollar to be soon ready for a downfall. In the technical terms the different indicators like RSI is hovering over 85 level and also we can see the cross section in the hull moving average (9,26) in 4 hours technical chart indicating the weakening of the strength in the upside momentum. All other tools like MACD, Stochastic RSI are over-stretched ready to fall soon. Now, only the ...

Gold on the run surpasses Rs. 56400 mark As central banks across the world continue to infuse money into the system to insulate their economies from the impact of COVID slowdown, investors globally have stepped up their safe-haven play by betting on the yellow metal. The sharp decline in demand for jewelry in the world’s two largest markets - China and India, was more than offset by the jump in demand for gold exchange-traded funds (ETFs). Along with gold, the demand for silver as an investment avenue is also on the rise. Combined with industrial demand for silver, the price of this metal is also nearing record levels globally, industry experts said. After the gold futures price on the Chicago exchange topped the $2,000 per ounce mark for the first time in history and raced above the $2,060 mark, the price in India for the precious metal crossed the Rs 56,000/10 gram mark on MCX, an all-time peak, on Thursday. And silver, after breaking above the Rs 70,000 per kg mark is wit...

USDINR Expected/Upcoming movement this month Hello,  Good morning friends. This is Manish over here from Forexblues.com, save money earn money.  So let's go directly to the USDINR viewpoint today morning. Here you can see the daily chart of USD INR, and the daily candles, probably I feel like It should go a bit higher and if you see the other technical apart from the candles like MACD & the RSI it is indicating that it will be increasing upside. In the chart, the first point of resistance would be something around 75.50 and the next level would be around 76 or 75.92. I remember it was the resistance point last time I said. We are asking all the exporters to go for at least 50% booking at 75.50 positions. In fact, you can start booking from right now at 75.20 around, go for forward contracts up to 40%, or even 50% is recommended. I am just telling it because if you see the weekly chart then you will find that the overall trend of the week is the downside whic...

Hello Friends,  I am Manish over here from forexblues.com - save money earn money. I hope everyone is doing fine & safe in this period of COVID-19 . Today we are going to see We have presented the chart for USDINR in four hours’ time frame. Here we see a breakdown directly from 75.40 crossing 75.00 levels and hitting 74.63 which is at 4 months low since February before Coronavirus Lockdown of the country. This event happened due to the fundamental news coming from the pharma company like Pfizer and a German biotech medicine manufacturer announcing the success of 1st round of human trials and entering 2nd round of their trials which has shown positive signs in Covid19 vaccine development. Also an Indian company Bharat Biotech International Limited (BBIL) in a collaborative effort with the ICMR- National Institute of Virology, Pune India jointly working has announced entering the human trials of the Covid-19 vaccines and envisaged to launch the vaccine for public healt...

Gold Gold prices rose to their highest on Monday in a month as fears over rising coronavirus cases lift safe-haven demand by investors.  Internationally Spot gold was up 0.4% at $1,749.54 per ounce as of 06:00 am IST after hitting its highest since May 20 at $1751. US gold futures rose 0.6% to $1,763.80 per ounce. On the MCX, gold prices rose to its all-time of Rs.48,289 per 10 grams in the Indian market on Monday morning. Gold is commonly used as a safe investment during political and financial uncertainty since it is not at risk of becoming worthless. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 2.03% to 1,159.31 tonnes on Friday from 1,136.22 tonnes on Thursday. Experts said that the impact of coronavirus crisis and the Central Bank’s policy easing measures may help the gold’s haven appeal. Although, lifting lockdown restrictions and the rally in the equity market may hinder major rallies in the counter. On th...

EURO INR Future Forecast What is the position in the coming days? Hello, Welcome to ForexBlues.com. Today we are going to see EuroINR future. What is the position in the coming days? So if we start from Monday then we have seen a high of 86.37 in Euro INR and then there is a downfall that has started from Monday onwards. You can see that it was Only 85.40 and today again on Friday It is at 85.40 levels. So if we look at the technical charts then in the 4-hour time frame, you can very easily see that at 85.40 around there is strong support and looking at the RSI, Stochastic RSI and the MACD it gives an impression that the support is not going to break very soon and next week we can see again a jump in the Euro and it could hit 86.20 again. And after that only we would be able to see the downfall coming again. Looking at the technical charts of the week, it gives us the impression that only after probably 7 to 10 days it is going to fall below 85 levels maybe in July. ...

EEFC ACCOUNTS FOR EXPORTERS EEFC (‘Exchange Earners’ Foreign Currency) Account is a facility provided to all categories of exchange earners including Exporters, SEZ developers (except SEZ Units) etc. In the EEFC account the bank allows the exchange earners (resident of India) to maintain their account in any of the permitted foreign currency viz.  USD, GBP, Euro, JPY etc.  In simple words we can say that, ‘EEFC account’ is a one type of resident Indian’s current account wherein one can keep funds in any foreign currency for a stipulated time period. Important to be noted that interest is not paid on EEFC accounts. Types of Funds receivables: Exchange earners (including professional charges, honorarium etc. received by individuals) who have received funds through normal banking channels, can credit 100% of inward remittance to EEFC account so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transact...