Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-10-2018
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 65.1-64.87-63.82-63.11-62.71-60.91-.Resistance for the JPYINR is 66.03- 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 is not giving any clear signal So buy only if close above66.32 and sell below 65.385 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 65.571 with a stop at 65.229 If opens below 65.229 or trade below 65.199 be cautious or go for sell with stop at 65.541
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Published on
Oct 22 2018 10:37AM, by
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