Nov 29 2017

Trade Idea for the day

EURUSD :- Bullish divergence on 14-day Relative Strenght Index and MACD .

Our Preference:- Buy at Current for the target of 1.1900 with a stop-loss of 1.1845.

GBPUSD:- Trading in an upward sloping trend-channel and presently close to its resistance zone.

Our Preference:- Sell above 1.3415 for a target of 1.3385 with a stop-loss of 1.3430

USDJPY:- Can found the support at 50-day moving average.

Our Preference:- Buy at 111.44  for the target of 111.68, put the stop-loss at 111.36.

USDINR :- MACD in buying teritory giving buy signals

Our Preference:-  Buy below 64.35

Target – 64.45-64.50

Stop loss  of 64.25

EURINR :-  MACD below zero line in buying teritory giving buy signals.

Our Preference :-  Buy At 76.28-76.32

Target – 76.50-76.55

Stop loss – 76.20

GBPINR :- 5 Day SMA gave a crossover above 14 day SMA giving a buy signal.

Our Preference :-  Buy at 86.10-86.15

Target – 86.40-86.45

Stop loss – 86