Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-01-2019 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 69.84-69.14-.Resistance for the USDINR is 70.91-70.99-71.98-72-72.5- 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 The USDINR is in downtrend .Last day USDINR was in bull trend So short term buyers buy if close above 70.165 The oscillator is showing SELL signal Intraday Trend- Buy the USDINR above 70.691 with a stop at 69.83 Target is 70.881 next 71.192 Below 69.83 trend reversal can occur so keep long stop at 69.83 WWW.MTECHTIPS.COM 07489294118-119
Published on Jan 3 2019 10:34AM, by MTECHTIPS in Currency| Share This