Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-03-2018

Spread the love

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-03-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The USDINR is now trading in oversold level. The JPYINR is now trading in overbought level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 64.9-64.71-64.44-64.29-64.28-64.1-64-. Immediate resistance for USDINR is 65.76 In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is showing some Up momentum So buy above 65.248 with stop at 65.02 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 65.511 with a stop at 65.12 Below 65.08 go for sell and put stop at 65.471

WWW.MTECHTIPS.COM

07489294118-119