MENU

Published on 8/01/2018 10:33:22 AM | Source: Choice Broking Pvt Ltd

We expect EURINR bullish movement in the prices towards 77.50 levels - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

USDINR

Technical View:

USDINR price has so far sustained below the trend-line breakdown point which induced constant selling pressure.

On the daily chart, price has slipped below the previous swing low also.

Furthermore, Momentum indicator RSI (14) is in bearish crossover.

Beside, daily MACD is in bearish crossover

On the above technical studies & parameter, we are expecting correction in the price towards 63.00.

JPYINR

Technical View:

JPYINR price has slipped below the range-bound pattern which suggests bearish range shift.

In addition, price has sustained below the major SMAs on the daily frame.

Furthermore, Momentum indicator MACD is in bearish crossover.

Beside, daily RSI is in bearish crossover

On the above technical studies & parameter, we are expecting recovery in the price towards 55.60.

GBPINR

Technical View:

On the daily chart GBPINR has fallen below the rising trend-line which suggests reversal of the previous trend.

Price has been making is lower tops on the daily chart which is expected to provide bearishness to the pair.

Moreover, RSI (14) has been finding resistance at the previous peak.

As per the above technical structure, we are expecting bullish move in the pair towards 87.50 levels.

EURINR

Technical View:

On the daily chart EURINR has been finding resistance at the falling trend-line which is expected to attract selling in the short term.

Price has been making is lower tops on the daily chart which is expected to provide bearishness to the pair.

Moreover, RSI (14) has shown positive crossover in daily charts.

Based on the above technical studies or indicator, we expect bullish movement in the prices towards 77.50 levels. 

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