in ANALISA by hafid zaini

7645526 7/13/2017 12:25 PM, SGD/INR intraday: the RSI is overbought


Our pivot point stands at 46.724.


Our preference

: the upside prevails as long as 46.724 is support.


Alternative scenario

: below 46.724, expect 46.648 and 46.602.


Comment

: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 46.743 and 46.668).


Supports and resistances

:

47.033 **

46.987 *

46.942 **

46.896

46.798 last

46.754

46.724 **

46.648 *

46.602 **