Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-05-2018 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 overbought level. The USDINR is now trading in overbought level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 67.37-67.13-66.53-65.71-65.19-64.8-64.61-. Immediate resistance for USDINR is 68.52 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 if close above 68.245 closing below 67.3125 Sell will happen. The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level Intraday Trend- Buy is advised only above 68.417 with a stop at 67.854 Below 67.754 go for sell and put stop at 68.316 WWW.MTECHTIPS.COM 07489294118-119
Published on May 21 2018 10:41AM, by MTECHTIPS in Currency| Share This