Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-09-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-09-2018 MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 64.41-63.9-63.19-62.44-62.13-61.85-60.06-. Immediate resistance for JPYINR is 65.89 In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so better sell and enter at lower level Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 65.625 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Sell if open below 64.79 with stop loss at 65.31 or sell below 64.66Buy is not advised till it cross 65.441 WWW.MTECHTIPS.COM 07489294118-119
Published on Sep 14 2018 10:46AM, by MTECHTIPS in Currency| Share This




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