September 21, 2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-02-2017

MTECHTIPS   Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend 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 HOLD SHORT position.Positionally Support for USDINR is 67.11-.Resistance for the USDINR is 67.86-68.09-68.34-68.38-68.42-68.45-

In medium term Dollar is relatively strengthening against Yen- Euro-

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 67.894 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 67.785 with a stop at 67.385 Below 67.335 go for sell

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