Mtechtips MCX-SX USDINR INTRADAY trading analysis 8-07-2019 Mtechtips- Dollar is weakening against Indian Rupee.Currently Dollar is in strong downtrend with good momentum 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 SELL position.Positionally Immediate support for USDINR is 68.3.Resistance for the USDINR is 69.45-69.64-69.74-69.85-69.98-70.2-71.21-In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 69.04 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing SELL signal WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 8 2019 10:34AM, by MTECHTIPS in Currency| Share This