Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-12-2019

Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-12-2019

Mtechtips  Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum 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 70.16-.Resistance for the USDINR is 71.35-71.65-71.72-71.8-71.89- In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Pound- 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 71.056 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal

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