Apr 10 2018

Trade Idea for the day

USDINR :- Pair is trading around  5 day SMA on Hourly chart, is currently trading above the opening levels. Momentum indicators RSI is neutral while MACD is hovering around zero line. The pair can be bought at lower levels.

Our Preference:-  Buy  below 64.90

Target – 65.05-65.10

Stop loss – 64.80

 

EURINR: – Pair is trading above 14 Day SMA on hourly charts, RSI is heading towards overbought territory While MACD is above zero line giving sell signals.

Our Preference: – Sell at 80.05-80.10

Target – 79.80-79.85

Stop loss – 80.20

GBPINR: – Pair is trading well Above 21 Day SMA on hourly charts, with MACD likely to give a crossover above zero line and RSI heading towards overbought teritory signaling a sell in the pair.

Our Preference: – Sell Above 92

Target – 91.80-91.85

Stop loss – 92.10

JPYINR: – Pair is trading above 14 Day SMA on hourly charts, RSI is neutral and MACD crossover below zero line giving buy signals.

Our Preference: – Buy below 0.6070

Target – 0.6090-0.6095

Stop loss – 0.6060