Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-09-2018

Spread the love

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-09-2018

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 .. 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 63.54-63.33-62.67-62.17-61.94-61.71-59.92-. Immediate resistance for JPYINR is 65.62 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 hold with stop at 64.405 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 65.08 with a stop at 64.66 Below 64.601 go for sell and put stop at 65.02

WWW.MTECHTIPS.COM

07489294118-119