Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-08-2018

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 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 Dollar is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 68.98-68.83-68.71-68.32-67.99-67.31-65.8-. Immediate resistance for USDINR is 70.74 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 69.793 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 70.731 with a stop at 70.07 Below 69.94 go for sell with stop at 70.601

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