Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-05-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for JPYINR is 56.82.Resistance for the JPYINR is 58.35-58.76-58.77-58.84-59.06-59.19-61.96-
In medium term Yen is relatively strengthening against Pound-
Short term and Intraday Level of Yen with Rupee
JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below56.746 Buy if above 58.1 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 57.395 with a stop at 56.846 Below 56.746 go for sell
WWW.MTECHTIPS.COM
07489294118-119