Jul 16 2018

Trade Idea for the day

USDINR :- Rupee gave a flat opening at 68.54 levels and is trading close to day’s high level after recovering from Friday’s lows, currently trading above 14 day SMA on hourly charts. Momentum indicators like RSI at 52 is neutral and MACD below zero line giving buying signals. Our Preference:-  Buy below 68.55 Target –

Jul 16 2018

Trade Idea for the day

EURUSD: Pair is likely to take resistance around horizontal blue line and head lower, currently trading above 21 day SMA on hourly charts. Momentum indicators like MACD above zero line and RSI at 59 is giving sell signals. Our Preference: – Sell above 1.1685 Target – 1.1645-1.1655 Stop loss – 1.1700 GBPUSD: – Pair recovered

Jul 13 2018

Trade Idea for the day

USDINR :- Rupee gave a gap up opening at 68.37 levels from previous close of 68.57 is still holding well near recent lows of 68.33, currently trading below 21 day SMA on hourly charts. Momentum indicators like RSI at 32 is heading towards oversold zone and MACD below zero line giving buying signals. Our Preference:- 

Jul 13 2018

Trade Idea for the day

EURUSD: Pair is down after facing resistance towards 1.17 levels is likely to take support around 1.1650, currently trading below 21 day SMA on hourly charts. Momentum indicators like MACD below zero line and RSI at 41 is giving buy signals. Our Preference: – Buy below 1.1660 Target – 1.1680-1.1690 Stop loss – 1.1649 GBPUSD:

Jul 12 2018

Trade Idea for the day

USDINR :- Rupee after a flat closing touched a high of 68.53 levels, currently trading below 14 day SMA on hourly charts. Momentum indicators like RSI at 28 and MACD below zero line giving buying signals. Our Preference:-  Buy below 68.55 Target – 68.70-68.75 Stop loss – 68.44 EURINR: – Pair is down since the

Jul 12 2018

Trade Idea for the day

EURUSD: Pair is seen consolidating after overnight correction on back of dollar strength is likely to head higher, currently trading below 14 day SMA on hourly charts. Momentum indicators like MACD likely crossover below zero line and RSI at 38 is giving buy signals. Our Preference: -Buy below 1.1675 Target – 1.1700-1.1710 Stop loss –