Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-02-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- term .Currently Dollar is showing some down move and trend is strong and supported with good volume 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 showing SELL signal For short term Dollar is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Support for USDINR is 67.3-67.1-.Resistance for the USDINR is 68.09-68.4-68.43-68.44-68.48-
In medium term Dollar is relatively strengthening against Yen- Euro-
Short term and Intraday Level of Dollar with Rupee
USDINR and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position USDINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below67.365 Buy if above 68.46 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 68.056 with a stop at 67.465 Below 67.365 go for sell
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