Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-05-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the USDINR above 70.95 or buy with strict stop at 69.12. 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 69.73-69.63-69.37-.Resistance for the USDINR is 70.43-70.47-70.59-71.24- In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee 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 69.918 The oscillator is showing BUY signal Intraday Trend- Buy the USDINR above 70.36 with a stop at 69.531 Target is 70.541 next 70.841 Below 69.531 trend reversal can occur so keep long stop at 69.531 WWW.MTECHTIPS.COM 07489294118-119
Published on May 24 2019 10:39AM, by MTECHTIPS in Currency| Share This