Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum and the trend is 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 65.15-65.08-64.98-64.73-64.37-64.34-64.32-. Immediate resistance for USDINR is 66.13 In medium term Dollar is relatively strengthening against Yen- Euro- 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 65.618 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 above 66.032 with a stop at 65.628 Below 65.579 go for sell with stop at 65.982

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