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

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-03-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend 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 HOLD SHORT position.Positionally Immediate support for USDINR is 66.53.Resistance for the USDINR is 67.24-67.28-67.61-67.68-67.89-68.03-68.14-
In medium term Dollar is relatively strengthening against Yen- 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 only above 67.15 with stop at 66.7925 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 67.124 with a stop at 66.726 Below 66.686 go for sell
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