Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-03-2017
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 . 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 SELL position.Positionally Immediate support for USDINR is 65.26.Resistance for the USDINR is 66.96-67.04-67.19-67.67-67.81-67.88-67.99-
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 below65.449 Buy if above 66.9875 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- Buy is advised only above 66.062 with a stop at 65.569 Below 65.449 go for sell
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