Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-08-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-08-2017

MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend and the trend is supported with good volume 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 on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.92-57.83-57.68-57.6-57.49-.Resistance for the JPYINR is 59.35-In medium term Yen is relatively strengthening against Euro- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound-Short term and Intraday Level of Yen with RupeeCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 58.462 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 59.389 with a stop at 58.642 Below 58.473 go for sell with stop at 59.218

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