Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-01-2017
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 67.8-67.69-67.46-67.17-67.07-66.98-. Immediate resistance for USDINR is 68.71
Short term and Intraday Level of Dollar with Rupee
USDINR is moving sideways so short term investor better to buy if close above 68.4325 closing below 67.77 Sell will happen. The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.687 with a stop at 68.163 Below 68.074 go for sell and put stop at 68.597
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