Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-01-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is 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 showing SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 67.87-67.8-67.4-67.23-67.04-.Resistance for the USDINR is 68.51-68.52-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 68.3775 with stop at 67.965 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 68.447 with a stop at 68.014 Below 67.954 go for sell
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