Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-05-2018 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 67.46-67.21-66.65-65.77-65.25-64.84-64.62-. 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 SHORT position USDINR is moving sideways with low volatality so short term investor better to buy if close above 68.245 close below 67.565 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-Intraday better to buy above 68.447 and Sell if below67.914 WWW.MTECHTIPS.COM 07489294118-119
Published on May 22 2018 10:43AM, by MTECHTIPS in Currency| Share This