Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-02-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 70.69-70.04-.Resistance for the USDINR is 71.57-71.6-71.65-71.71-72.13- In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD SHORT position The USDINR is in downtrend .Last day USDINR was in bull trend So short term buyers buy if close above 71.188 The GBPINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy the USDINR above 71.483 with a stop at 70.888 Target is 71.583 next 71.763 Below 70.888 trend reversal can occur so keep long stop at 70.888 WWW.MTECHTIPS.COM 07489294118-119
Published on Feb 15 2019 10:49AM, by MTECHTIPS in Currency| Share This