Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-11-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD SHORT position.Positionally Support for JPYINR is 63.56-63.09-61.32-.Resistance for the JPYINR is 65.04-65.51-65.59-65.63- In medium term Yen is relatively strengthening against Dollar- 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 JPYINR is showing some Up momentum So buy above 64.914 with stop at 64.545 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.91 with a stop at 64.561 Below 64.531 go for sell and put stop at 64.88 WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 9 2018 10:36AM, by MTECHTIPS in Currency| Share This