Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-07-2018 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 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 68.65-68.37-68-67.68-66.9-66.34-65.34-. Immediate resistance for USDINR is 69.59 Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position The USDINR is not giving any clear signal So buy only if close above69.1825 and sell below 68.68 The oscillator is showing SELL signal Intraday Trend-The USDINR closed in a confusion manner So buy for intraday only above 69.168 with a stop at 68.752 If opens below 68.752 or trade below 68.702 be cautious or go for sell with stop at 69.118 WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 12 2018 10:53AM, by MTECHTIPS in Currency| Share This