Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-12-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-12-2018

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 68.55-.Resistance for the USDINR is 70.94-71.45-71.61-72.3-72.44-73.01- 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 above70.992 The oscillator is showing BUY signal  Intraday Trend- Sell if open below 70.419 or sell below 70.329 with stop loss at 70.902 Buy if open above 70.902 or buy above 70.992 with stop loss at 70.419

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