Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-01-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Dollar is in strong uptrend 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 Dollar is in HOLD LONG position.Positionally Support for USDINR is 67.81-67.74-67.55-67.22-67.11-66.99-.Resistance for the USDINR is 68.42-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 68.447 or hold with stop at 67.8775 The next resistance will be at 68.51 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.447 with a stop at 67.894 Below 67.794 go for sell and put stop at 68.346
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