Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-09-2018

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 70.74-70.42-69.73-69.11-68.58-68.04-66.17-. Immediate resistance for USDINR is 72.57 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 so strong so for short term better buy above 72.545 with stop at 70.9125 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy if open above 72.415 with a stop at 71.886 or Strong buy above 72.545 Below 71.756 go for sell or sell if open below71.886

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