Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-11-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-11-2018

Mtechtips   Dollar is strengthening against Indian Rupee in long- term .Currently Dollar is in strong downtrend but volume is unsatisfactory 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 SELL position.Positionally Support for USDINR is 70.85-68.25-.Resistance for the USDINR is 72.23-72.66-73.05-73.33-73.36- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 71.897 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 71.813 with a stop at 71.277 Below 71.187 go for sell

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