Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-02-2017
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 67.66-67.88-68.03-68.13-68.18-68.31-68.32-
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 USDINR is in down trend so buy above 67.492 The sell will again come if below 67.285 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 67.605 with a stop at 67.185 Below 67.135 go for sell
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