Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-06-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-06-2017
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 Immediate support for USDINR is 64.06.Resistance for the USDINR is 64.82-64.84-64.86-65.43-66.07-66.89-
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
USDINR is in down trend so buy above 64.561 The sell will again come if below 64.3175 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.679 with a stop at 64.301 Below 64.261 go for sell
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