Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-03-2017
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 . In last few days volume based selling happened in the Dollar. 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 65.05.Resistance for the USDINR is 66.52-66.75-66.96-67.64-67.84-67.87-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in down trend so buy above 65.63 The sell will again come if below 65.3075 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 65.671 with a stop at 65.249 Below 65.189 go for sell
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