The USD and CAD exchange rate reached a important level in a 4hr time frame.
Here, we can find lot of good reason for sell.
In day time-frame, the signals forming a up-trend channel close to the resistance. (shown in graph)
The momentum of the signals, moved in constant bullish trend and stabilising it. (shown in graph)
Back in 4hr frame, Market ...
GBPUSD on FX can be Sold at 1.28600 with SL of 1.29315 and Target of 1.25260. Its a good opportunity and has consistently taken resistance at down-trending line. Take advise from your financial advisor before investing.
EURUSD is in a strong uptrend with a recent pullback previous day and a quick engulfing Bullish for the day's candle. Hence we are getting Long on EURUSD at 1.16190 with Stop-loss of 1.1596 and Target of 1.16855
USDCAD on FXCM exchange is approaching its resistance down-trend line. Which opens a wonderful opportunity with a tight stoploss.
Sell USDCAD on FXCM exchange in the range of 1.31700 to 1.31730 with Stop-loss of 1.32032 and Target of 1.30468
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and ...
EURINR is close to its multi month support level and is a good buy with a better risk to reward ratio.
Buy EURINR ONLY AROUND 77.83 (CMP: 78.135) with Stop-loss of 76.94 and Target 1 at 79.30 and Target 2 at 81.20
Please Note!!! Trade the script only after consultation by your financial consultant. We are not SEBI Registered and hold no liability for the scripts ...
USD JPY Spot @ 106.90, In march this level have been tested several times, now we can expect as it’s break 106.90-92, inverted head and shoulder will be confirm. US $ will be strong and Yen will be week and we will see levels @ 107.80-84 and than 108.60
Currency Drive By INIFI FOPREX
Forex Risk Management Solutions
JPYINR is in strong uptrend in daily charts. Buy only above 0.620 with Stop-loss of 0.590 and Target 1 at 0.636, Target2 at 0.657 and Target 3 at 0.69
This analysis is posted on special request. Any trading done has to be considered only after taking advise from Financial Advisor.