Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-02-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend and the trend is supported with good volume 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 BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 66.61.Resistance for the USDINR is 67.42-67.64-67.68-67.88-67.97-68.13-
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 LONG position USDINR is moving sideways so short term investor better to buy only above 67.1875 or hold with stop at 66.95 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 67.324 with a stop at 66.926 Below 66.876 go for sell
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