Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-03-2017
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 .. 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 65.01.Resistance for the USDINR is 66.36-66.64-66.89-67.58-67.62-67.82-
Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 65.589 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 65.551 with a stop at 65.11 Below 65.05 go for sell
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