Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-08-2018

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 .. 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 69.18-68.97-68.79-68.43-68.07-67.4-65.84-. Immediate resistance for USDINR is 70.74 In medium term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is again back in uptrend so hold with stop at 69.829 The oscillator is showing SELL signal Intraday Trend- Buy above 70.16 and keep stop below 69.68 Target is 70.27 next 70.441 Below 69.571 trend reversal can occur and next level is 69.401

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