Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-01-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- 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 67.88-67.46-67.26-67.07-.Resistance for the USDINR is 68.45-68.49-68.5-
In medium term Dollar is relatively strengthening against Yen- Euro-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is moving sideways so short term investor better to buy if close above 68.3275 closing below 67.965 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 68.437 with a stop at 67.974 Below 67.914 go for sell and put stop at 68.376
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