Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-04-2017
MTECHTIPS:- he Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for JPYINR is 58.93-58.71-58.68-58.53-58.46-58.25-.Resistance for the JPYINR is 62.4-
Short term and Intraday Level of Yen with Rupee

JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 59.215 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.95 with a stop at 59.371 Below 59.261 go for sell with stop at 59.839
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