Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-06-2018
Mtechtips Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Dollar. 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 67.63-67.52-67.41-66.98-66.28-65.73-65.04-. Immediate resistance for USDINR is 68.71 Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so either sell of or keep stop at68.038 so better sell and enter at lower level The oscillator is showing SELL signal Intraday Trend- Buy is advised above 68.326 with a stop at 67.854 Below 67.784 go for sell
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Published on
Jun 22 2018 10:45AM, by
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