February 26, 2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-09-2016

MTECHTIPS USDINR rebounded from the day low 67.06 and tested 67.23 after the Bank of Japan Policy Since 14 September, USDINR struggling to break its immediate resistance of 67.25 on closing basis which is coincide with 23.8% Fibonacci Retracement of its short term fall. Hence, any rise towards 67.10-67.15 will create probability for correction towards 66.85 and below unless it gives a closing above 67.25.Further, 67.25 will act as a massive resistance and pair would need to trade above it in order to test 67.45-67.65.




Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.