Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-02-2017
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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for USDINR is 66.53.Resistance for the USDINR is 67.27-67.42-67.68-67.81-67.89-68.1-68.13-
In medium term Dollar is relatively strengthening against Yen- Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
USDINR and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position USDINR is in sell mode sell below 66.597 buy only above 67.1875 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 67.1875 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 66.597 with stop loss at 67.054 or sell below 66.497Buy is not advised till it cross 67.154
WWW.MTECHTIPS.COM
07489294118-119