Apr 04 2018

Trade Idea for the day

USDINR :- Pair is trading above 5 day SMA on hourly charts, is currently trading above the opening levels. Momentum indicators RSI is neuatral while MACD below zero line indicating bullish baised in the pair.

Our Preference:-  Buy  at 64.95-65.00

Target – 65.10-65.15

Stop loss – 64.88

 

EURINR :-  Pair is trading around 21 Day SMA on hourly charts, RSI is  heading towards oversold territory at current levels While MACD is below zero line giving buy signals.

Our Preference :-  Buy below 79.70

Target – 79.90-95

Stop loss – 79.60

 

GBPINR :- Pair is trading below Above 5 Day SMA on hourly charts. MACD just Above zero line and RSI is neutral , technically a buy in the pair.

Our Preference :-  Buy below 91.30

Target – 91.50-91.55

Stop loss – 91.20

 

JPYINR :- Pair is trading around 21 Day SMA on hourly charts, RSI is neutral and MACD is below zero line giving buy signals.

Our Preference :-  Buy below 60.95

Target – 61.20-61.25

Stop loss – 60.87