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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-03-2017

Tuesday, March 14, 2017 23:02
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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-03-2017

 

MTECHTIPS  Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. 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 Immediate support for JPYINR is 57.22.Resistance for the JPYINR is 58.84-59.09-59.31-59.42-59.44-60.55-62.79-

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 JPYINR is in sell mode sell below 57.215 buy only above 58.83 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- Sell if open below 57.215 with stop loss at 57.695 or sell below 57.096Buy is not advised till it cross 57.815

WWW.MTECHTIPS.COM

 

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