Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-12-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-12-2016
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- term .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 HOLD SHORT position.Positionally Support for USDINR is 67.19-67.02-67.01-66.98-.Resistance for the USDINR is 68.1-68.32-68.38- In medium term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 67.666 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.036 with a stop at 67.605 Below 67.555 go for sell with stop at 67.986
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