Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-05-2019 Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory 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 LONG position.Positionally Support for USDINR is 69.77-69.73-69.54-69.48-.Resistance for the USDINR is 70.56-70.62-71.21- In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 70.6625 with stop at 69.915 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level Intraday Trend- Buy is advised above 70.491 with a stop at 69.91 Below 69.81 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on May 17 2019 10:48AM, by MTECHTIPS in Currency| Share This