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Published on 15/04/2019 9:53:51 AM | Source: Choice Broking Pvt Ltd

USDINR has traded in both direction and settled on positive note on Friday - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

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USDINR

Technical View:

USDINR has traded in both direction and settled on positive note on Friday.

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 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.

So based on the above analysis, we expect bullish movement in USDINR towards 69.70 level.

 

JPYINR

Technical View:

JPYINR has fallen down by 0.29% on Friday session and settled at 62.05 levels.

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

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

Furthermore, a momentum MACD has shown positive crossover on the daily chart.

So based on the above technical aspects, we expect bullish movement in JPYINR towards 62.40 level.

 

GBPINR

Technical View:

GBPINR has closed up on Friday session and settled at 90.85 levels.

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 91.30 level.

 

EURINR

Technical View:

EURINR has up by 0.75% on Friday session and settled at 78.60 levels.

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

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 79.00 level.


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