Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-02-2017

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 Immediate support for JPYINR is 58.29.Resistance for the JPYINR is 59.26-59.75-59.81-59.87-60.39-61.6-63.02-

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 The JPYINR is in downtrend For short term buy only if close above 59.14 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Sell if open below 58.243 with stop loss at 58.817 or sell below 58.064 Buy only above 58.998

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