Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-04-2017
Mtechtips Dollar is weakening against Indian Rupee.Currently Dollar is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 63.97.Resistance for the USDINR is 64.84-64.92-65.18-66.15-66.9-67.26-67.34-
In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
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 below64.042 Buy if above 64.755 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 64.549 with a stop at 64.102 Below 64.042 go for sell
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