Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-04-2018

Mtechtips  Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is in strong uptrend and the trend is supported with good volume 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 USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 64.44-64.33-64.3-64.19-.Resistance for the USDINR is 65.39-65.41-65.42- In medium term Dollar is relatively strengthening against Yen- Pound- 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 moving sideways so short term investor better to buy if close above 65.44 closing below 65.05 Sell will happen. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 65.27 with a stop at 64.94 Below 64.91 go for sell and put stop at 65.24

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