Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-03-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-03-2017
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 HOLD SHORT position.Positionally Immediate support for USDINR is 64.77.Resistance for the USDINR is 65.62-65.99-66.47-67.22-67.56-67.58-67.72-
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 is showing some Up momentum So buy above 65.253 with stop at 65.035 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 65.28 with a stop at 64.94 Below 64.91 go for sell and put stop at 65.25
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