Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for USDINR is 64.29-64.26-.Resistance for the USDINR is 65.23-66-66.61-67.08-
In medium term Dollar is relatively strengthening against 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 in profit booking mode so hold with stop at 64.614 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 65.22 with a stop at 64.68 Below 64.581 go for sell and put stop at 65.12
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