Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-08-2018

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 69.54-69.23-68.97-68.58-68.19-67.56-65.92-. 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 has crossed the high so for short term better buy above 70.411 with stop at 69.5875 Yesterday the up movement was with volume this also confirm an up break out 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 above 70.411 and keep stop below 69.88 Target is 70.531 next 70.731 Below 69.76 trend reversal can occur and next level is 69.561

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