Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-07-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-07-2016
MTECHTIPS USD-INR recovered from the day low 67.1550 and settled at 67.3450 levels. Short term consolidation break out was noted at 67.35 on the DOE chart which coincided with 38.2% Fibonacci Entrancement and also formed a long bullish candle stick, both of which are indicating for momentum upside move in USDINR and sustain trade above 67.35 is expect to test 67.55-67.75 on the upside, else pair may show consolidation around 67.10-67.35 before FOMC meeting. Dollar index, which tracks the movement of the greenback against a basket of six major currencies, traded little changed early Asian trade Tuesday at 97.18 compared to 97.24 seen on Monday. The dollar hit its highest level in four months after a strong US data boosted expectations that the Federal Reserve will increase rates in coming months.
WWW.MTECHTIPS.COM

07489294118-119

MTECHTIPS

Vision:
“A business is successful to the extent that it provides a product or service that contributes to happiness in all of its forms.” "To provide best value for money to clients through personalized service, innovative products, best trading and investment strategies and state-of-the-art technologies. We at Mtech tips believe that 'Our services combined with our clients trust will lead to a prosperous Mtech tips family'".

Philosophy:
We are entirely client centric, with a clear focus on providing long term value addition to clients, while maintaining the highest standards of excellence, ethics and professionalism. We are committed for:

• Integrity and transparency in all Services.
• Providing investment solutions based on quality and unbiased research.
• Providing personalized services to all Subscriber and business associates.
• Achieving success through client’s growth.

Post Comment