Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in downtrend 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 Dollar is in HOLD LONG position.Positionally Support for USDINR is 68.57-68.51-68.4-67.95-67.33-66.72-65.51-. Immediate resistance for USDINR is 69.47 Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so either sell of or keep stop at68.799 so better sell and enter at lower level The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 69.208 with a stop at 68.722 Below 68.652 go for sell

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