Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-09-2018

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 70.06-69.72-69.27-68.82-68.37-67.78-66.04-. Immediate resistance for USDINR is 71.51 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 In short term USDINR is in strong up trend so hold with stop at 70.798 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 71.473 with a stop at 70.958 Below 70.878 go for sell with stop at 71.393

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