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Published on 17/05/2019 1:20:25 PM | Source: Kedia Commodity Ltd

Currency pair is trading below 5, 10, 100 & 200 days moving average - Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips

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On daily chart, USD/INR shows uptrend. RSI (14) is at 54.02 with neutral action. MACD (12,26) reads 0.237 indicating buy action. ADX (14) is at 23.95 with neutral stance. CCI (14) stands at 60.92 with buy signal. Whereas, moving average speak a different story as the currency pair is trading below 5, 10, 100 & 200 days moving average.

On weekly chart, RSI (14) stands at 49.74 with neutral signal. While, MACD (12,26) is at -0.257 indicating sell action. ADX (14) reads 21.25 with neutral action. While, 5, 10, 20, 50 & 200 days exponential moving averages indicate a buy call. On monthly chart, RSI (14) shows a level of 56.95 with buy action. MACD (12,26) reads 1.11 indicating buy signal. ADX (14) stands at 31.12 again with buy signal. The 10, 20, 50, 100 & 200 days exponential moving averages also indicate positive movement.

ACTION: BUY USDINR @ 70.10 ADD TILL 69.80 SL BELOW 69.40 TGT 70.90-71.60.

 

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