Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-04-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 63.95.Resistance for the USDINR is 64.77-64.82-65.09-66.03-66.79-67.17-67.31-
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 The USDINR is in downtrend For short term buy only if close above 64.425 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 64.649 with a stop at 64.191 Below 64.131 go for sell and put stop at 64.589
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