Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-12-2016
MTECHTIPS The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend 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 Dollar is in HOLD LONG position.Positionally Support for USDINR is 68.18-67.8-67.36-67.02-66.96-66.92-66.9-. Immediate resistance for USDINR is 69.27
In medium term Dollar is relatively strengthening against Pound-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 68.99 with stop at 68.3025 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.888 with a stop at 68.343 Below 68.243 go for sell.