Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-02-2017
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 66.61.Resistance for the USDINR is 67.67-67.79-67.87-68.02-68.13-68.21-68.25-
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 sideways so for short term better buy above 67.224 with stop at 66.88 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 only above 67.224 with a stop at 66.786 Below 66.726 go for sell and put stop at 67.164 WWW.MTECHTIPS.COM
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