Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. 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 The current position is BUY .Positionally Support for USDINR is 64.99-64.94-64.92-64.62-64.35-64.3-64.28-. Immediate resistance for USDINR is 65.83 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 LONG position In short term USDINR is in strong up trend so hold with stop at 65.324 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 65.841 with a stop at 65.339 Below 65.259 go for sell with a stop at 65.761

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