Advertisement

MCXSX USD INR Trading Tips - Moving in a range bound zone, sharp move expecting once USD INR comes our from its range - as per technical analysis chart point of view. (Updated On 25th July 2014, Friday).


MCXSX - USD INR




  • USD INR moving in strong range bound zone of 60.70 - 59.78. This indicates as long as USDINR trades in between the range, trend is not clear, once it comes out from it range then sharp move is expecting.
  • Daily chart also indicates USD INR trading below 100 days moving average, as long as trades below will favor bears, once it trades above 100 days moving average then will favor bulls.
  • If price comes down from current levels then USD INR will find strong support (fibonacci retracement) around  59.78, 59.51 & 59.22. Close Watch.




Posted by
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Advertisement

What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.