Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-03-2019 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.Positionally Immediate support for USDINR is 68.29.Resistance for the USDINR is 70.13-70.59-70.93-70.95-71.1-71.17-71.55- 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 Currently USDINR is in HOLD SHORT position USDINR is in sell mode sell below 68.303 buy only above 69.89 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 69.89 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 68.303 with stop loss at 68.948 or sell below 68.114Buy is not advised till it cross 69.138 WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 19 2019 10:43AM, by MTECHTIPS in Currency| Share This