Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-02-2018 Mtechtips Dollar is Strongly strengthening 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 JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 64.32-64.25-64.24-64.13-64.1-63.91-63.83-. Immediate resistance for USDINR is 65.39 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 LONG position USDINR is moving sideways so short term investor better to buy only above 65.125 with stop at 63.8725 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 65.35 with a stop at 64.85 Below 64.77 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Feb 23 2018 11:31AM, by MTECHTIPS in Currency| Share This