Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-03-2017
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 64.77.Resistance for the USDINR is 65.78-66.22-66.63-67.35-67.58-67.65-67.76-
In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Euro-
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 below64.75 Buy if above 65.6225 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 65.421 with a stop at 64.86 Below 64.75 go for sell
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