Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-03-2017
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-03-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is showing some up move after small correction and trend is strong but volume is unsatisfactory 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.69-58.43-58.1-57.93-.Resistance for the JPYINR is 59.4-60.07-62.66-
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 LONG position JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 59.238 with stop at 57.905 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 59.238 with a stop at 58.742 Below 58.652 go for sell and put stop at 59.148
07489294118-119
