Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-02-2019
Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-02-2019
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the USDINR above 71.87 or buy with strict stop at 70.31. 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 71.02-70.97-70.56-70.53-69.77-.Resistance for the USDINR is 71.86-72.22- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is again back in uptrend so hold with stop at 71.163 The oscillator is showing BUY signal Intraday Trend- Buy above 71.723 and keep stop below 71.217 Target is 71.843 next 72.034 Below 71.098 trend reversal can occur and next level is 70.908
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