Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-08-2018

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.Positionally Support for USDINR is 69.95-69.57-69.18-68.76-68.32-67.72-66-. Immediate resistance for USDINR is 71.31 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 but the trend was not strong and sellers was at high so for short term better buy above 71.192 with stop at 69.7275 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 is advised only above 71.192 with a stop at 70.748 Below 70.698 go for sell and put stop at 71.142

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