Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-09-2018
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- 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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 63.96-63.29-62.49-62.16-61.88-60.1-.Resistance for the JPYINR is 64.99- In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is not giving any clear signal So buy only if close above65.625 and sell below 64.3625 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 64.869 with a stop at 64.052 If opens below 64.052 or trade below 63.862 be cautious or go for sell with stop at 64.679
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Published on
Sep 17 2018 10:39AM, by
MTECHTIPS in
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