USDINR :- Pair of opening highs currently trading around 21 day SMA. Momentum indicators like RSI giving selling signals and MACD above zero line giving sell signals.
Our Preference:- Sell Above 65.70
Target – 65.50-65.55
Stop loss – 65.84
EURINR: – Below 14 Day SMA on hourly charts , currently trading below day’s high levels. MACD Crossover above zero line giving selling signals.
Our Preference: – Sell above 81.30
Target – 81.05-81.10
Stop loss – 81.61
GBPINR: – Trading well below opening levels, sell off after recent data release today. RSI in oversold territory with MACD around zero line giving buy signals.
Our Preference: – Buy below 93.15-93.20
Target – 93.50-93.55
Stop loss – 93.05
JPYINR: – Seen taking support at around horizontal blue line is trading below 14 Day SMA on hourly charts, RSI and MACD around zero line giving neutral signals.
Our Preference: – Buy at 0.6110-0.6115
Target – 0.6130-0.6135
Stop loss – 0.6095