Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-11-2018 Mtechtips Dollar is strengthening against Indian Rupee in long- term .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower 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 SELL position.Positionally Support for USDINR is 71.29-70.5-67.91-.Resistance for the USDINR is 73.1-73.68-73.71-73.95- In medium term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 73.044 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 73.275 but caution- close Below low5 fresh selling can occur The USDINR is now trading is approaching oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 73.046 with a stop at 72.295 Below 72.145 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 9 2018 10:33AM, by MTECHTIPS in Currency| Share This