Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-12-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-12-2018

Mtechtips   Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum 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 BUY signal For short term Dollar is in SELL position.Positionally Support for USDINR is 68.52-.Resistance for the USDINR is 71.04-71.59-71.6-72.41-73.06- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is showing some Up momentum So buy above 70.533 with stop at 69.79 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 71.002 with a stop at 70.449 Below 70.359 go for sell and put stop at 70.912

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