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Published on 18/04/2019 10:56:09 AM | Source: Choice Broking Pvt Ltd

EURINR has traded on positive territory on Tuesday and settled above the prior close - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

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USDINR

Technical View:

USDINR has traded on positive note Tuesday with the gain of 0.25%.

On a daily chart, Price has also found the support at lower Bollinger Band formation and shifted into positive zone after a long correction .

Moreover, pair has taken Rising Trend line support , which indicates that bullish sentiments in the counter.

Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover on the daily chart.

So based on the above analysis, we expect bullish movement in USDINR towards 69.95 level.

 

JPYINR

Technical View:

JPYINR has traded on positive note Tuesday with the gain of 0.25%.

On the daily chart, pair has still been trading above Rising trend line, which indicates further upside for near term.

Moreover, price has moved above 21 days SMA on the daily chart , which signifies bullish sentiments in the counter.

Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover on the daily chart.

So based on the above technical aspects, we expect bullish movement in JPYINR towards 62.60 level.

 

GBPINR

Technical View:

GBPINR has started a day on positive note and managed to sustain above 91 level.

On a daily chart, Pair has found the support at lower Bollinger Band formation and pulled back from there.

Moreover, pair has trading above “Parabolic SAR” , which indicates that sentiments are still bullish.

Furthermore, a momentum indicator RSI (14) and MACD has shown positive crossover on the daily chart.

Hence, we expect sideways to bullish movement in GBPINR towards 91.60 level.

 

EURINR

Technical View:

EURINR has traded on positive territory on Tuesday and settled above the prior close.

On an hourly chart, Price has found the support at lower Bollinger Band formation and shifted into positive zone after a long correction .

Moreover, price has moved above 21 days SMA on the daily chart ,which signifies bullish sentiments in the counter.

In addition, a momentum indicator RSI (14) has shown positive crossover on an hourly chart.

So based on the above studies, we expect bullish movement in EURINR future towards 79.20 level.

 


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