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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-02-2017

Thursday, February 16, 2017 23:07
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-02-2017

 

MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Support for JPYINR is 58.77-.Resistance for the JPYINR is 59.65-59.75-59.88-60.32-61.53-63.01-

In long term Yen is relatively strengthening against Euro- Dollar- Pound-

Short term and Intraday Level of Yen with Rupee

Currently JPYINR is in HOLD SHORT position JPYINR is in sideways and sellers was at high so for short term better buy above 59.519 or hold with stop at 58.52 The next resistance will be at 59.185 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level

Intraday Trend- Buy is advised only above 59.519 with a stop at 58.772 Below 58.603 go for sell and put stop at 59.348

WWW.MTECHTIPS.COM

 

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