Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-06-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-06-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above65.35 or buy with strict stop at 63.83. 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 64.45-64.35-64.3-.Resistance for the USDINR is 65-65.71-66.38-66.99-
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 64.71 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.92 with a stop at 64.551 Below 64.521 go for sell and put stop at 64.89
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