Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 26-05-2017
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 64.29-64.28-64.27-.Resistance for the USDINR is 65.19-65.95-66.58-67.07-
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 moving sideways with low volatality so short term investor better to buy if close above 65.09 close below 64.395 sell will happen. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 65.15 and Sell if below64.431
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