Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-01-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . 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 Dollar is in HOLD SHORT position.Positionally Support for USDINR is 69.93-69.31-.Resistance for the USDINR is 70.92-71.55-72.08-72.3- In medium term Dollar is relatively strengthening against Yen- Euro- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so either sell of or keep stop at70.355 so better sell and enter at lower level The USDINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 70.861 with a stop at 70.309 Below 70.219 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Jan 15 2019 11:12AM, by MTECHTIPS in Currency| Share This