Feb 26 2019

Trade idea of the day

USDINR– After a strict bearish move, the pair is likely to move upside for intraday target. On the chart, we see price is currently trading near to the support trend line and might give a reversal signal.

our Preference– Buy at 71.05- 71.08

Target– 71.30

Stop loss-70.70.94

JPYINR– In half hourly chart, we see bullish sentiment in the pair. It is also noticed that there is a support level of 0.6400 mark. Relative Strength Index is still in uptrend territory.

Our Preference– Buy at 0.6400

Target– 0.6430

Stop loss– 0.6385

GBPUSD– On the hourly chart, the pair is trading at the 1.3192 level which seems like it is oversold (Intraday)- according to Relative Strength Index of 14 day. Stochastic is near to its oversold zone.

Our Preference– Sell at 1.3220

Target– 1.3150

Stop loss– 1.3250