Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-01-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is showing some down move and the trend and not gained strength but volume is unsatisfactory The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on SELL signal and USDINR is coming down from overbought level For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 67.75-67.37-67.21-67.03-.Resistance for the USDINR is 68.38-68.51-68.54-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 68.324 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 68.286 with a stop at 67.854 Below 67.804 go for sell
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