Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend 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 65.5-65.3-65.13-64.86-64.43-64.39-64.36-. Immediate resistance for USDINR is 66.76 In medium term Dollar is relatively strengthening against 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 66.151 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 66.693 with a stop at 66.157 Below 66.058 go for sell with stop at 66.593

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