Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-01-2017
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 67.86-67.79-67.75-67.52-67.21-67.1-66.99-. Immediate resistance for USDINR is 68.78
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 68.51 with stop at 68.0275 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.537 with a stop at 68.014 Below 67.924 go for sell
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