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Published on 15/11/2019 11:03:08 AM | Source: Choice Broking Pvt Ltd

We expect a bullish move in EURINR towards 79.46 level - Choice Broking

Posted in Currency Report| #Currency Tips #Choice Broking

USDINR

Technical View:

* The USDINR pair during it’s Thursday session closed negatively at –0.16%.

* But, On the daily chart the pair is trading above it’s 50EMA and 200EMA. Moreover, the pair is trading above it’s Ichimoku cloud indicating bullish strength in the pair.

* Additionally, a momentum indicator RSI (14) has shown is above it’s 50 level confirming power to the bulls.

* Hence, we expect bullish move in USDINR future towards 72.20 level.

 

JPYINR

Technical View:

* During it’s Thursday session JPYINR closed positively with a gain 0.18%

* On the daily chart, the pair has sustained above it’s falling trendline.

* Moreover, the pair is trading above it’s 50EMA and 200EMA Additionally, a momentum indicator RSI (14) has sustained above it’s 50 level.

* So based on the above technical structure, we expect bullish move in JPYINR towards 66.55 level.

 

GBPINR

Technical View:

* GBPINR closed negatively falling by –0.26% during it’s Thursday session.

* On the daily timeframe GBPINR has formed a series of higher highs and higher lows.

* The pair is currently trading above it’s previous swing highs, which can act as a great support in the near term.

* The pair has also sustained above it’s 50*200 days EMA, which is a positive sign for the pair.

* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.70 level.

 

EURINR

Technical View:

* EURINR closed negatively falling by –0.31% during it’s Thursday session.

* On the daily chart, after rising for three consecutive days the pair has witnessed a profit booking.

* But, the pair is trading above it’s Daily 200 EMA which indicates strength in the pair for the near term.

* Moreover, a momentum indicator RSI (14) has sustained above it’s 50 level which indicates bullishness in the pair.

* So based on the above technical structure, we expect a bullish move in EURINR towards 79.46 level.

 

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