Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-01-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in downtrend 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 HOLD LONG position.Positionally Support for USDINR is 69.11-.Resistance for the USDINR is 70.43-71-71.03-71.96-72.06-72.52- In medium term Dollar is relatively strengthening against Yen- Euro- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below69.401 Buy if above 70.5825 The oscillator is showing SELL signal Intraday Trend- Sell if open below 69.501 or sell below 69.401 with stop loss at 69.96 Buy if open above 69.96 or buy above 70.06 with stop loss at 69.501 WWW.MTECHTIPS.COM 07489294118-119
Published on Jan 2 2019 11:11AM, by MTECHTIPS in Currency| Share This