Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-09-2018

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 . Cautious point is buying at higer levels seems decreasing. 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 71.44-70.89-70.16-69.37-68.75-68.25-66.28-. Immediate resistance for USDINR is 73.16 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 72.101 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- is in intraday buy level better buy above 73.106 or in low buy above 72.555 Target is 73.236 next 73.457 Below 72.425 trend reversal can occur so keep long stop at 72.425

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