Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-02-2017
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 66.7.Resistance for the USDINR is 67.66-67.88-67.92-68.1-68.13-68.26-68.28-
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 moving sideways so short term investor better to buy only above 67.5825 or hold with stop at 66.9675 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 67.344 with a stop at 66.756 Below 66.646 go for sell
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