Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-03-2017
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 . In last few days volume based selling happened in the Dollar 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 Support for USDINR is 66.72-.Resistance for the USDINR is 67.33-67.67-67.68-67.89-68.05-68.14-
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 moving sideways so short term investor better to buy if close above 67.15 closing below 66.7925 Sell will happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 67.264 with a stop at 66.856 Below 66.806 go for sell and put stop at 67.214
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