Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-04-2017
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 HOLD SHORT position.Positionally Immediate support for USDINR is 64.65.Resistance for the USDINR is 65.54-65.76-66.33-67.09-67.52-67.54-67.68-
In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Yen- Euro-
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 65.3 with stop at 64.905 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 above 65.451 and keep stop below 65 Target is 65.551 next 65.711 Below 64.9 trend reversal can occur and next level is 64.74
WWW.MTECHTIPS.COM
07489294118-119