Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-02-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-02-2017
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 66.53.Resistance for the USDINR is 67.27-67.38-67.68-67.77-67.89-68.08-68.13-
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 SHORT position The USDINR is in downtrend For short term buy only if close above 67.055 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 67.284 with a stop at 66.726 Below 66.636 go for sell
WWW.MTECHTIPS.COM
07489294118-119