Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-03-2017
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 SELL position.Positionally Immediate support for USDINR is 65.01.Resistance for the USDINR is 65.94-66.35-66.71-67.41-67.6-67.7-67.78-
In medium term Dollar is relatively strengthening against Yen-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 65.6225 with stop at 65.27 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 65.641 with a stop at 65.229 Below 65.179 go for sell
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