Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-05-2018
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 67.54-67.29-66.76-65.83-65.3-64.88-64.64-. Immediate resistance for USDINR is 68.52 In long term Dollar is relatively strengthening against Yen- 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 68.22 with stop at 67.6725 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 68.326 with a stop at 67.894 Below 67.844 go for sell
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Published on
May 23 2018 10:36AM, by
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