Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-08-2018

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 . Cautious point is buying at higer levels seems decreasing. 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 68.82-68.74-68.65-68.26-67.95-67.26-65.77-. Immediate resistance for USDINR is 70.46 Short term and Intraday Level of Dollar with RupeeCurrently USDINR is in HOLD LONG position USDINR has crossed the high but the trend was not so strong so for short term better buy above 70.36 with stop at 68.6 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 if open above 70.25 with a stop at 69.75 or Strong buy above 70.36 Below 69.64 go for sell or sell if open below69.75

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