Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-03-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Dollar. 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 SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for USDINR is 69.11.Resistance for the USDINR is 70.57-70.89-70.93-71.15-71.17-71.23-71.64- In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Pound- Short term and Intraday Level of Dollar with Rupee USDINR and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 69.853 The USDINR is now trading in highly oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 69.261 or sell below 69.141 with stop loss at 69.779 Buy if open above 69.779 or buy above 69.9 with stop loss at 69.261 WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 15 2019 10:38AM, by MTECHTIPS in Currency| Share This