Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-04-2017
Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-04-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum 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 BUY signal For short term Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 64.07.Resistance for the USDINR is 65.17-65.35-65.88-66.75-67.31-67.48-67.58-
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 down trend so buy above 64.798 The sell will again come if below 64.3225 The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 64.91 with a stop at 64.421 Below 64.351 go for sell
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