Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-12-2016
MTECHTIPS Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 and closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 67.83-67.68-67.55-67.37-67.12-67.04-66.98-. Immediate resistance for USDINR is 68.71
In medium term Dollar is relatively strengthening against Pound-
Short term and Intraday Level of Dollar with Rupee
USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 68.747 or hold with stop at 67.7125 The next resistance will be at 68.4325 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 68.747 with a stop at 68.133 Below 68.014 go for sell and put stop at 68.627
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