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Sell USDINR around 65.05 at stop loss of 65.32

Way2wealth | 14 Mar, 2018  | Follow Author | Add to my Favourites 
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On Tuesday, USDINR pair failed to hold above the immediate support of 61.8% retracement and tumbled till the low of 64.94 and finally settled at 64.99. Pair has given a breakdown of head and shoulder pattern and it is likely dips the pair till the trend line support of 64.50 levels in coming sessions and thus we recommend selling around 65.05 for downside targets of 64.74 then 64.55 levels.

Action: Sell



As expected EURINR remained on weaker note and tumbled till the low of 80.16 and settled at 80.22. Pair has settled just above the trend line support break down below that will provide sharp correction till the next supports of 79.58 then 79.00 levels. So, we continue to recommend selling on break of 80.15 for targets of 79.58 for the day.

Action: Sell


As expected GBPINR pair witnessed minor fall during yesterday’s session and finally ended at 90.30 now the immediate support is at 90.00 mark and break below that will dip the pair till the supports of 89.46 then 89.00 levels. Therefore, we continue to recommend selling around 90.30 for targets of 89.70 then 89.46 levels.

Action: Sell


On Tuesday, JPYINR pair failed to hold the trend line supports and tumbled lower by the breaching the same and finally ended at 60.68. Pair has given short term bearish break down and the next supports are seen at 60.60 and penetrated of that will extend the fall till 59.70 levels. Hence, we recommend selling on break of 60.60 for the day

Action: Sell

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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