Mtechtips MCX-SX USDINR INTRADAY trading analysis 7-08-2019 Mtechtips-Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Dollar. 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 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 70.27-69.26-69.23-69.18-69.08-68.98-68.81-. Immediate resistance for USDINR is 71.31 In long term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 70.106 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal WWW.MTECHTIPS.COM 07489294118-119
Published on Aug 7 2019 10:44AM, by MTECHTIPS in Currency| Share This