Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory 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 .Positionally Support for USDINR is 65.95-65.63-65.33-65-64.55-64.42-. Immediate resistance for USDINR is 67.39 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 Currently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 66.757 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 is advised above 67.124 with a stop at 66.706 Below 66.656 go for sell with stop at 67.074

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