Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-09-2018

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 SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 71.58-71.04-70.3-69.43-68.8-68.32-66.31-. Immediate resistance for USDINR is 73.3 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 formed a high yesterday but failed to keep the trend so if buying has to considered better above72.956 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level Intraday Trend- Sell if open below 71.846 or sell below 71.577 with stop loss at 72.685 Buy if open above 72.685 or buy above 72.956 with stop loss at 71.846

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