Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-10-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend and the trend is supported with good volume 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 The current position is BUY .Positionally Support for JPYINR is 65.04-64.85-63.76-63.06-62.67-60.87-.Resistance for the JPYINR is 65.96- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 65.992 If trades and sustain above 65.485 it is a covering signal The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So sell for intraday Only below 65.159 with a stop at 65.711 If opens above 65.711 or trade above 65.811 go for buy with stop at 65.259 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 19 2018 10:52AM, by MTECHTIPS in Currency| Share This