Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-09-2019
Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-09-2019
Mtechtips- Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Dollar is in strong downtrend 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 HOLD SHORT position.Positionally Support for USDINR is 71.33-70.07-70.05-69.83-69.78-.Resistance for the USDINR is 72.08-72.09- In medium term Dollar is relatively strengthening against Yen- 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 USDINR is in sideways so for short term better buy above 71.955 with stop at 70.975 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signal
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