Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-05-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-05-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 60.2-59.33-58.52-.Resistance for the JPYINR is 61.55-61.57-61.7-61.81- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 62.1 or hold with stop at 61.28 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 61.643 with a stop at 61.058 Below 60.938 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on May 18 2018 10:45AM, by MTECHTIPS in Currency| Share This




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