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Rupee Vs Usd (Spot) Inr: Attempts To Move Higher

27 Jul 2016 8:28 am
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Report For Date: 27/07/2016

Rupee Vs Usd (Spot) Inr: Attempts To Move Higher



Further weakness is below 67.

Oscillation swing between 66.44 and 68.21 will be seen.

On the immediate front the swing movement can be between 67 and 67.55.

Traders can buy above 67.48 with low of the day stop loss or 67.31 whichever is lower.

Subsequently expect 67.59-67.62 to be tested.

Accumulate at 67.23 or below with a stop loss of 67.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

67.31

67.21

UP

67.4

25.07

67.04

67.23

67.33

67.41

67.59

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

TECHINCAL INDICATORS TABLE


View Full Image

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

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