Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-11-2016
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 SELL signal .In last 1 month volatality is very less Buy the USDINR above 67.5 or buy with strict stop at 66.44. 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 66.67-66.65-66.62-.Resistance for the USDINR is 67.23-67.27-67.39-67.53-
In long term Dollar is relatively strengthening against Yen-
Short term and Intraday Level of Dollar with Rupee
The USDINR is not giving any clear signal So buy only if close above67.11 and sell below 66.8775 The oscillator is showing SELL signal
Intraday Trend-The USDINR closed in a confusion manner So buy for intraday only above 67.134 with a stop at 66.776 If opens below 66.776 or trade below 66.746 be cautious or go for sell with stop at 67.104.