Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-03-2019 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 .. 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 68.15.Resistance for the USDINR is 69.97-70.46-70.86-70.94-71.09-71.15-71.51- 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 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 69.168 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy the USDINR above 69.368 with a stop at 68.553 Target is 69.549 next 69.859 Below 68.553 trend reversal can occur so keep long stop at 68.553 WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 20 2019 10:42AM, by MTECHTIPS in Currency| Share This