Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-11-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-11-2018

Mtechtips   Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SHORT position.Positionally Support for USDINR is 68.35-.Resistance for the USDINR is 71.5-72.05-72.31-72.42-73-73.26- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 71.238 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Sell if open below 70.299 with stop loss at 71.102 or sell below 70.04 Buy only above 71.362

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