Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-03-2017
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-03-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level but has moved past its recent high with good volume points to a positive break out . The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level For short term Yen is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 58.44-58.08-57.84-.Resistance for the JPYINR is 59.19-59.38-60.17-62.68-
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 closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 58.188 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.439 with a stop at 58.553 Below 58.333 go for sell with a stop at 59.218
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