Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position.Positionally Support for USDINR is 64.24-64.23-.Resistance for the USDINR is 64.85-65.62-66.39-66.87-67.18-
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 is moving sideways so short term investor better to buy only above 64.8625 or hold with stop at 64.3625 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.819 with a stop at 64.291 Below 64.201 go for sell
WWW.MTECHTIPS.COM
07489294118-119