Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-05-2017
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 BUY signal For short term Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 63.95.Resistance for the USDINR is 64.77-64.81-65.02-65.93-66.69-67.09-67.28-
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 LONG position USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 64.679 with stop at 64.2025 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.679 with a stop at 64.261 Below 64.211 go for sell and put stop at 64.629
WWW.MTECHTIPS.COM
07489294118-119