Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-02-2017
MTECHTIPS Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Immediate support for USDINR is 67.02.Resistance for the USDINR is 67.65-67.87-68.11-68.18-68.27-68.37-68.39-
In medium term Dollar is relatively strengthening against Yen- Euro- Pound-
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 67.543 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 67.585 with a stop at 67.165 Below 67.116 go for sell
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