Apr 13 2018

Trade Idea for the day

USDINR :- Pair is trading well below 21 day SMA on Hourly chart. Momentum indicators like RSI heading towards overbought teritory and MACD above zero line giving sell signals.

Our Preference:-  Buy below 65.20

Target – 65.30-65.35

Stop loss – 65.09

EURINR: – Pair is trading around 14 Day SMA on hourly charts, RSI is neutral While MACD below zero line giving buy signals.

Our Preference: – Buy below 80.40

Target – 80.65-80.70

Stop loss – 80.23

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

Our Preference: – Sell above 93.20

Target – 92.85-92.90

Stop loss – 92.35

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

Our Preference: – Buy below 0.6065

Target – 0.6080-0.6085

Stop loss – 0.6047