Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-03-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the USDINR above 67.46 or buy with strict stop at 66.53. 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 67.23-67.25-67.52-67.68-67.9-67.99-68.13-
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 has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below66.686 Buy if above 67.11 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 67.094 with a stop at 66.716 Below 66.686 go for sell
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