Jan 23 2019

USDINR Trade Idea

USDINR:-The pair looks holding the 50 period Exponential Moving average at 71.17 mark, though the intraday trend is still down as momentum indicators had given sell signals at overbought zones. Slow Stochastic turned back from 80 mark, while MACD gave a bearish crossover with Signal line.

Our Preference:- Sell at 71.28-30

Target- 71.10

Stop loss- 71.37