USDINR :- Rupee at 1 year low , currently trading above 21 day SMA on hourly charts. Momentum indicators like RSI heading towards overbought teritory and MACD above zero line giving sell signals.
Our Preference:- Sell above 66.25
Target – 66.00-66.05
Stop loss – 66.36
EURINR: – Pair trading around 21 Day SMA on hourly charts. MACD Crossover below zero line and RSI giving buying signals.
Our Preference: – Buy below 81.25-81.30
Target – 81.55-81.60
Stop loss – 81.15
GBPINR: – Pair has seen some correction after a rally of 8 days, currently trading around 14 day SMA. RSI heading towards oversold territory with MACD below zero line giving buy signals.
Our Preference: – Buy below 92.70
Target – 92.90-92.95
Stop loss – 92.57