Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-01-2017
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 67.8-67.75-67.63-67.43-67.16-67.06-66.97-. 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 in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.366 with a stop at 67.904 Below 67.844 go for sell
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