Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-11-2018 Mtechtips Dollar is strengthening against Indian Rupee in long- term .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Dollar 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 Support for USDINR is 71.54-70.74-68.13-.Resistance for the USDINR is 73.11-73.31-73.4-73.65- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below71.656 Buy if above 73.1925 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 72.445 with a stop at 71.786 Below 71.656 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 16 2018 10:50AM, by MTECHTIPS in Currency| Share This