Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-11-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently Yen is in strong downtrend and the trend is supported with good volume 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 SELL signal For short term Yen is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Support for JPYINR is 63.14-61.42-.Resistance for the JPYINR is 64.13-65.08-65.09-65.26-65.54- In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 64.055 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 64.148 with a stop at 63.593 Below 63.493 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 14 2018 10:46AM, by MTECHTIPS in Currency| Share This