Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-02-2018
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 Support for USDINR is 63.89-63.81-63.77-.Resistance for the USDINR is 64.57-64.62-64.76-64.84- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Yen- Euro- 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 64.206 Yesterdays trend was with volume So short term buyers with strong risk apetite can buy the stock even if it is above 63.922 The oscillator is showing SELL signal Intraday Trend- Buy the USDINR above 64.519 with a stop at 63.922 Target is 64.639 next 64.829 Below 63.922 trend reversal can occur so keep long stop at 63.922
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Published on
Feb 20 2018 11:04AM, by
MTECHTIPS in
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