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09-01-2024 10:55 AM | Source: HDFC Securities
USDINR Jan futures traded below the short-term moving average of 21 days - HDFC Securities
News By Tags | #HDFCSecurities #CurrencyTips

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USDINR

Technical Observations:

* USDINR Jan futures traded below the short-term moving average of 21 days.

* The 10 DEMA is placed below 21 DEMA.

* Momentum Oscillator, RSI of 14 days is pierced below 50 and weakening. MACD has been placed below a zero line.

* Long unwinding has been seen as open interest fell.

* Short Term Trend: Neutral

* Expected Trading Range: 83.01 to 83.30

* Intraday Recommendation: Sell USDINR Jan. Fut. at 83.20 & 83.28 SL 83.34 Target 83.01

 

 

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