Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-08-2018

Spread the love

Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-08-2018

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 Dollar is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 69.85-69.44-69.1-68.69-68.28-67.66-65.97-. Immediate resistance for USDINR is 71.18 In medium term Dollar is relatively strengthening against Yen- 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 USDINR is in sideways so for short term better buy above 71.202 or hold with stop at 69.7275 The next resistance will be at 70.8925 Yesterday the up movement was with volume this also confirm an up break out The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy above 71.202 and keep stop below 70.509 Target is 71.413 next 71.763 Below 70.299 trend reversal can occur and next level is 69.95

WWW.MTECHTIPS.COM

07489294118-119