Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-09-2018 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 SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 71.97-71.52-70.72-69.65-68.99-68.52-66.42-. Immediate resistance for USDINR is 73.32 In medium term Dollar is relatively strengthening against Euro- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 73.226 or hold with stop at 71.6025 The next resistance will be at 73.025 The oscillator is showing SELL signal Intraday Trend- Buy above 73.226 and keep stop below 72.595 Target is 73.386 next 73.667 Below 72.435 trend reversal can occur and next level is 72.155 WWW.MTECHTIPS.COM 07489294118-119
Published on Sep 19 2018 10:33AM, by MTECHTIPS in Currency| Share This