Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-03-2017
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 66.22-66.55-66.84-67.53-67.62-67.78-67.81-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 65.74 with stop at 65.27 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 65.821 with a stop at 65.299 Below 65.219 go for sell
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