Profile image
Story Views

Last Hour:
Last 24 Hours:

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-10-2016

Monday, October 24, 2016 1:07
% of readers think this story is Fact. Add your two cents.

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-10-2016


MTECHTIPS Sell below 64.40 Target 64.00-63.65. Stop loss above 64.70JPYINR traded quite positive last week and pared initial losses on higher safe-haven bets post earthquake in Japan.  Japan Meteorological Agency reported the earthquake had a magnitude of 6.6 with its epicenter in coastal Tottori prefecture at a depth of about 10 kilometres. However, dollar strengthened after Federal Reserve New York President William Dudley said he expects the US central bank to hike rates before the year-end was restricted some gain. Technically, On the weekly chart, on the weekly chart a formation of bearish harami cross pattern is indicting for bearishness in the pair. However, there is massive support at 64.40 and valid plunge could expect below this levels. On the upside, strong resistance is seen at 65.60 sustain trade above only will expect to test 66.10-66.65.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.