Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-12-2019

Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-12-2019

 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 SELL signal For short term Dollar is in SELL position.Positionally Support for USDINR is 70.16-.Resistance for the USDINR is 71.42-71.47-71.64-71.67-71.69-71.85- 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 LONG position USDINR is in sideways and sellers was at high so for short term better buy above 71.362 or hold with stop at 70.62 The next resistance will be at 71.14 The oscillator is showing BUY signal

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