Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-03-2017
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 SELL signal For short term Dollar is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for USDINR is 65.65.Resistance for the USDINR is 67.07-67.13-67.26-67.68-67.85-67.89-68.03-
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 sideways but the trend looks weak so better buy above 66.9875 or hold with stop at 65.9125 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 65.619 with stop loss at 66.312 or sell below 65.389Buy is not advised till it cross 66.543
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