MENU

Published on 17/06/2019 9:50:36 AM | Source: Choice Broking Pvt Ltd

The dollar has extended the gain by 0.40% against India Rupees on Friday session - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

Now Get InvestmentGuruIndia.com news on WhatsAppClick Here To Know More

USDINR

Technical View:

The dollar has extended the gain by 0.40% against India Rupees on Friday session.

On the daily chart, pair has rebound from the bottom and sustained above 50 days DEMA, which indicates bullish move for near term.

On a weekly scale, pair has sustained above lower Bollinger band formation.

Furthermore, a momentum indicator RSI (14) has indicated positive crossover on the daily chart, which may keep the prices higher.

So based on the above analysis, we expect bullish movement in USDINR (June) towards 70.15 level.

 

 

JPYINR

Technical View:

JPYINR has traded into positive manner on last day of the week and gained more than half percent.

On the daily chart, pair has given trendline breakout and sustained above it.

Moreover, price has moved above upper band of Bollinger formation.

Furthermore, a momentum indicator RSI (14) has shown positive crossover, which suggest continue buying strength for near term.

So based on the above technical aspects, we expect further upside in JPYINR (June) towards 64.90 level.

 

 

GBPINR

Technical View:

GBPINR has traded in both-way during the day and settled at flat note.

On a weekly timeframe, pair has still been trading below trend line and 21 weeks SMA.

On the daily scale, pair has been facing resistance at upper Bollinger band formation and 50 days DEMA.

In addition, a momentum indicator RSI (14) and MACD has shown negative crossover, which suggest further downside in the prices.

So based on the above technical structure, we expect sideways to bearish move in GBPINR (June) towards 88.05 level.

 

 

JPYINR

Technical View:

JPYINR has traded into positive manner on last day of the week and gained more than half percent.

On the daily chart, pair has given trendline breakout and sustained above it. Moreover, price has moved above upper band of Bollinger formation.

Furthermore, a momentum indicator RSI (14) has shown positive crossover, which suggest continue buying strength for near term.

So based on the above technical aspects, we expect further upside in JPYINR (June) towards 64.90 level.

 

 

To Read Complete Report & Disclaimer Click Here

 

For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer