Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-04-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum 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 BUY signal For short term Dollar is in HOLD LONG position.Positionally Immediate support for USDINR is 68.28.Resistance for the USDINR is 69.54-69.67-69.71-70.65-70.73-70.9-71.06- 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 USDINR is in sideways but the trend looks weak so better buy above 69.895 or hold with stop at 69.005 The oscillator is showing SELL signal Intraday Trend- Sell if open below 68.832 with stop loss at 69.308 or sell below 68.732Buy is not advised till it cross 69.409 WWW.MTECHTIPS.COM 07489294118-119
Published on Apr 12 2019 10:49AM, by MTECHTIPS in Currency| Share This