Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-12-2018 Mtechtips Dollar is strengthening against Indian Rupee in long- short-medium- short- term .Currently Dollar is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Dollar 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 The current position is BUY .Positionally Support for USDINR is 71.29-71.17-70.66-68.73-.Resistance for the USDINR is 72.56-72.9- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD LONG position USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 72.655 with stop at 70.58 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 72.655 with a stop at 71.766 Below 71.557 go for sell and put stop at 72.445 WWW.MTECHTIPS.COM 07489294118-119
Published on Dec 13 2018 11:00AM, by MTECHTIPS in Currency| Share This