Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-12-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-12-2016
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- short- term .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above68.92 or buy with strict stop at 66.9. 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 HOLD LONG position.Positionally Support for USDINR is 67.64-67.5-67.29-67.06-67.01-66.99-.Resistance for the USDINR is 68.4-
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 USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 68.236 with stop at 67.7425 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.236 with a stop at 67.814 Below 67.764 go for sell and put stop at 68.186
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