Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-11-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-11-2018

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 . In last few days volume based selling happened in the Dollar. 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 68.39-.Resistance for the USDINR is 71.53-71.84-72.3-72.34-72.9-73.22- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is moving sideways so short term investor better to buy only above 71.645 or hold with stop at 70.315 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level Intraday Trend- Buy is advised above 71.513 with a stop at 70.459 Below 70.199 go for sell

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