Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-04-2019
Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-04-2019
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 BUY signal .In last 1 month volatality is very less Buy the USDINR above 70.64 or buy with strict stop at 68.15. 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 SHORT position.Positionally Support for USDINR is 69.08-68.82-.Resistance for the USDINR is 70.29-70.94-70.95-70.98-71.19- In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 69.869 with stop at 68.8 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 69.869 with a stop at 69.261 Below 69.151 go for sell and put stop at 69.759
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