Forex Market News

Buy USDINR; Target Of 68.40

The pair has shown breakout of its horizontal channel at 67.50 levels on daily chart and price has retested its breakout trend line at 67.40 levels. On daily chart price has taken support of its 61.80% Fib- onacci retracement levels.
Moreover, prices have been trading above its 50 DEMA which gives the sign of bullishness in the prices. A momentum indicator RSI has been trading above 40 levels, which suggest further positive momentum can be seen in the prices.
In addition, momentum indicator MACD has shown positive crossover on hourly chart. So for trading perspective, one could buy USDINR in range 67.88 with SL of 67.55 for target of 68.40.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s