Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-01-2017
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 .. 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 The current position is BUY .Positionally Support for USDINR is 67.84-67.78-67.75-67.49-67.19-67.09-66.98-. Immediate resistance for USDINR is 68.78
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in sideways and sellers was at high so for short term better buy above 68.777 or hold with stop at 68.0275 The next resistance will be at 68.51 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 68.777 with a stop at 68.253 Below 68.173 go for sell and put stop at 68.697
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