Apr 26 2018

Trade Idea for the day

USDINR :- Pair touched a high of 66.90 yesterday , made a White marubozu on daily charts yesterday. Momentum indicators like RSI is neutral  and MACD above zero line giving sell signals.

Our Preference:-  Sell at 66.80-85

Target – 66.50-66.55

Stop loss – 66.95

EURINR: – Pair currently is trading below 21 day SMA on hourly charts ,  Technically pair can be bought as RSI is heading towards oversold zone with MACD around zero line.

Our Preference: – Buy below 81.25

Target – 81.50-81.55

Stop loss – 81.05

GBPINR: – Pair trading well below opening highs currently trading below 21 day SMA. RSI heading towards oversold territory with MACD below zero line giving bullish signals.

Our Preference: – Buy below 92.90

Target – 93.15-93.20

Stop loss – 92.74