Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-02-2017
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 BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 66.61.Resistance for the USDINR is 67.33-67.48-67.68-67.86-67.89-68.11-68.13-
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 in sideways and sellers was at high so for short term better buy above 67.204 or hold with stop at 66.88 The next resistance will be at 67.1875 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 67.204 with a stop at 66.816 Below 66.776 go for sell and put stop at 67.164
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