Abhi_Trivedi

Master Trader
Aug 24, 2016
50
0
47
33
Technical Report of USDINR Pair

We have already recommended waiting for the crossover levels.

Bullish side rally will initiate after the crossover of 67.186 level. It will over after breakout of the following target: 67.492 – 67.852 – 68.105 levels.

Solid Support: 66.818

Support breakout means downtrend up to 66.674 – 66.444 – 66.204 levels.

=====================================================

GBPINR – Bearish Breakout

This pair price will drop in upcoming days. As per the technical analysis, it’s weakening.

Target: 88.927 – 88.361 – 88.046 level.

Stop Loss is available for moneymunch users.

=====================================================

EURINR is not bullish anymore!

Strong Resistance: 79.0064

Selling pressure will increase soon. It’s very close to the resistance level. It can be drop down up to 77.8244 – 77.2010 – 76.6865 levels.

But don’t sell after the breakout of the resistance level. Why? Because of technical indicators are indicating a solid uptrend after this level breakout. It can be up to 80.1007 level.

*Events : India Nikkei Services Purchasing Managers Index (PMI)
 

Abhi_Trivedi

Master Trader
Aug 24, 2016
50
0
47
33
What had I said for USDINR index?

I had Strongly recommended,

Technical Report of USDINR Pair
We have already recommended waiting for the crossover levels.

Bullish side rally will initiate after the crossover of 67.186 level. It will over after breakout of the following target: 67.492 – 67.852 – 68.105 levels.

Solid Support: 66.818
Create Alert! EURINR index touch the target
Strong Resistance: 79.0064



But don’t sell after the breakout of the resistance level. Why? Because of technical indicators are indicating a solid uptrend after this level breakout. It can be up to 80.1007 level.
 

Abhi_Trivedi

Master Trader
Aug 24, 2016
50
0
47
33


Our preference
Positions above 0.97153 with targets 0.97643 – 0.97643 – 0.97972 – 0.98526 in extension.
Alternative scenario
Below 0.97153 look for further downside with 0.96526 – 0.95834 as targets.
Note:
MACD, RSI and STOCH RSI are the clear indication to traders.

USDCAD : Testing resistance line?
Our preference
Positions above 1.31513 with targets 1.32117 – 1.32721 – 1.33421 in extension.
Alternative scenario
Below 1.31513 look for further downside with 1.30015 – 1.29556 as targets.
Note:
For more detail visit moneymunch