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Choice International Ltd

Published on 6/12/2019 11:20:06 AM

EURINR

Technical View:

* The EURINR closed in a negative note and fell by 0.19% during its previous trading session.

* On the daily timeframe, the pair has faced resistance of the upper “Bollinger Band” which signals bearishness in the near term.

* Moreover, the pair’s Heikin Ashi candle has turned red which indicates that bears have gained strength.

* Additionally, the pair’s Stochastic (6) has made a negative crossover which indicates control to the bears.

* So based on the above technical structure, we expect a bearish move in EURINR towards 79.11 level.

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Choice International Ltd

Published on 6/12/2019 11:19:48 AM

GBPINR

Technical View:

* In the last trading session, GBPINR made new highs but closed near it’s open signaling indecision.

* But, on the daily timeframe the pair has been trading in a upward sloping channel, which signals the counter is in a strong uptrend.

* Moreover, the pair has sustained above its 20*50 EMA confirming bullish momentum in the pair.

* But, momentum indicator RSI (14) has reached around its 70 level which is in the overbought region which signals that the momentum can slow down.

* So based on the above mixed technical structure, we expect sideways to bullish move in GBPINR future towards 94 level.

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Choice International Ltd

Published on 6/12/2019 11:19:31 AM

JPYINR

Technical View:

* During it’s previous session JPYINR faced selling at the upper levels closing lower by 0.56% for the day.

* Also, the pair has broken down of the Ichimoku Cloud which confirms prices to fall in the near term.

* Furthermore, the price has been trading below its Parabolic SAR which indicates bearishness in the pair.

* Additionally, momentum indicator RSI (14) has breached below its 50 level, which signals bearish strength.

* So based on the above technical structure, we expect bearish move in JPYINR towards 65.47 level.

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Choice International Ltd

Published on 6/12/2019 11:19:12 AM

USDINR

Technical View:

* The USDINR witnessed pressure falling by 0.40% during the last trading session.

* Also, the price has closed below its 20*50 EMA which signals weakness in the near term.

* Moreover, the price has been trading below its Parabolic SAR which signals negative momentum in the counter.

* Additionally, the momentum indicator Stochastic (6) has made a negative crossover, which indicates that the bears are in control.

* Hence, we expect bearish move in USDINR future towards 71.21 level.

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Choice International Ltd

Published on 6/12/2019 10:36:59 AM

Sell USDINR @ 71.40 SL 71.53 TGT 71.18

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Choice International Ltd

Published on 5/12/2019 12:29:16 PM

Buy JPYINR @ 66 SL 65.87 TGT 66.20

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Choice International Ltd

Published on 5/12/2019 11:18:41 AM

EURINR

Technical View:

* The EURINR closed in a negative note and fell by 0.27% during its previous trading session.

* On the daily timeframe, the pair has sustained above its falling trend line, which will act as a support in the near term.

* Moreover, It has closed above the 20*50 Day EMA, which signals bullish strength.

* Additionally, the pair’s Stochastic (6) has made a positive crossover which indicates control to the bulls.

* So based on the above technical structure, we expect a bullish move in EURINR towards 79.62 level.

Click Here - https://bit.ly/2r48EFr

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Choice International Ltd

Published on 5/12/2019 11:18:23 AM

GBPINR

Technical View:

* GBPINR has shined rising by 0.27% during it’s last trading session.

* Moreover, on the daily timeframe has been trading in its upward sloping channel, which signals the counter is in a uptrend.

* Moreover, the pair has sustained above its 20*50 EMA confirming positive momentum in the pair.

* Also, a momentum indicator Stochastic (6) has been moving with a positive crossover, which signifies power to the bulls.

* So based on the above technical structure, we expect bullish move in GBPINR future towards 93.75 level.

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Choice International Ltd

Published on 5/12/2019 11:18:05 AM

JPYINR

Technical View:

* During it’s previous session JPYINR witnessed pressure closing lower by 0.12% for the day.

* But, the pair after breaking out from the falling trend line has sustained above it, which signals positive strength in the counter.

* Furthermore, the price has sustained the 20*50 EMA, which confirms that the pair is in a strong uptrend.

* Additionally, momentum indicator Stochastic (6) has shown a positive crossover, which indicates bullish power.

* So based on the above technical structure, we expect sideways to bullish move in JPYINR towards 66.21. level.

Click Here - https://bit.ly/2r48EFr

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Choice International Ltd

Published on 5/12/2019 11:17:44 AM

USDINR

Technical View:

* The USDINR pair closed on a negative note falling by 0.24% during the last trading session.

* Also, the price has been trading below its falling trend line, which is resisting it’s up move.

* Moreover, the price has been trading below its Parabolic SAR which signals bearish control in the counter.

* Additionally, the momentum indicator Stochastic (6) has shown a negative crossover, which indicates that the bears are in power.

* Hence, we expect bearish move in USDINR future towards 71.47 level.

Click Here - https://bit.ly/2r48EFr

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