Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-12-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-12-2016
MTECHTIPS Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Dollar. 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 67.82-67.72-67.59-67.4-67.14-67.05-66.98-. 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
Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 68.4325 with stop at 67.7125 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.507 with a stop at 68.084 Below 68.034 go for sell
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