Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-04-2018

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 . In last few days lot of positive accumulation happened in the Dollar. 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 and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 65.64-65.39-65.2-64.9-64.46-64.4-64.38-. Immediate resistance for USDINR is 67.12 In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Euro- Pound- Short term and Intraday Level of Dollar with Rupee USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 66.314 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy if open above 66.954 with a stop at 66.437 or buy above 67.084 Below 66.307 go for sell or sell if open below66.437

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