USDINR Trade Idea - 09 Sep

USDINR Trade Idea - 09 Sep

09 Sep 2019 11:55 AM
 

USDINR:- A crossover between shorter period(8) and longer period(50) simple moving average is seen over the hourly chart - a bearish signal for intraday. RSI (14) is below its 50 mark at 37 now - an indication of decline in momentum.

Our Preference:- Sell at 71.63

Target- 71.40

Stop loss- 71.74