USDINR Trade Idea - 14 Aug

USDINR Trade Idea - 14 Aug

14 Aug 2019 10:19 AM
 

USDINR:- The price action on 15 minutes chart has came below 8 and 50 period simple moving average.  A bearish cross between both the averages is likely to happen - as they both came closer to each other. RSI (14) has turned back from 30 mark - so an initial rally is expected before further fall.

Our Preference:- Sell at 70.99

Target- 70.80 and 70.70

Stop loss- 71.11