Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-06-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-06-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 64.33-.Resistance for the USDINR is 64.86-64.88-64.89-65.46-66.11-66.9-
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 SHORT position USDINR is in sideways so for short term better buy above 64.675 with stop at 64.3175 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.819 with a stop at 64.401 Below 64.351 go for sell and put stop at 64.769
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