Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-03-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Dollar. 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 SELL position.Positionally Immediate support for USDINR is 68.85.Resistance for the USDINR is 70.38-70.76-70.93-71.07-71.13-71.2-71.6- In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 69.705 The USDINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 69.609 with a stop at 69.012 Below 68.902 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 18 2019 10:23AM, by MTECHTIPS in Currency| Share This