Oct 19 2018

Trade idea for the day

USDJPY: The pair managed to close its hourly candle above the 200 period Simple Moving Average (SMA). RSI (14 period) is above 50 mark, indicating the strength to bulls. Our Preference: – Buy at 112.42-45 Target –112.65 Stop loss – 112.32

Oct 19 2018

Trade idea for the day

USDINR: The pair turned back after attempting the 50 period EMA resistance at 73.66. Immediate trend-line support is seen at 73.30, RSI (14 period) is hovering below 50 mark, indicating bears strength is more. Our Preference: – Sell at 73.55 Target – 73.30 Stop loss – 73.67 EURINR: After a steep fall in EURINR, the

Oct 17 2018

Trade idea for the day

USDJPY: The pair is trading well above 50 period EMA on hourly chart. Directional Movement  Index (DMI) has given a bullish signal, as (+DI) crossed the (-DI) from below. Our Preference: – Buy at 112.24 Target – 112.53 Stop loss – 112.13

Oct 17 2018

Trade idea for the day

USDINR: A falling wedge is formed on the hourly  chart of USDINR, at present the pair turned back from the support zone of that Wedge. RSI (14 period) is showing us a Positive divergence. Our Preference: – Buy at 73.50-52 Target – 73.70-75 Stop loss – 73.35. EURINR: The pair has formed a double bottom

Oct 16 2018

Trade idea for the day

GBPUSD: After a sharp intraday rise, the technical studies are indicating a mild correction before inching higher. RSI (14) started turning down from oversold zone on the hourly chart and a immediate support is seen at 1.3180. Our Preference: – Buy at 1.3180 Target – 1.3225 Stop loss – 1.3160

Oct 16 2018

Trade idea for the day

USDINR: The pair seems struggling with 50 period EMA resistance at around 73.90-92. RSI 14 period is also below 50 mark, signalling the bears strength. Our Preference: – Sell at 73.88-90 Target – 73.75 and 73.60 Stop loss – 73.97. EURINR: The pair is creating the formation of inverted head and shoulder on the hourly