Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-12-2018 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. 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 71.24-71.2-70.83-70.68-68.77-.Resistance for the USDINR is 72.59-72.88- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD LONG position The USDINR is in slight up trend. Hold long with tight stop at 71.822 If trades and sustain above 71.83 it is again buying signal The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend-The USDINR closed in a confusion manner So buy for intraday only above 72.204 with a stop at 71.537 If opens below 71.537 or trade below 71.407 be cautious or go for sell with stop at 72.074 WWW.MTECHTIPS.COM 07489294118-119
Published on Dec 14 2018 10:47AM, by MTECHTIPS in Currency| Share This