Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-11-2016
MTECHTIPS The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in 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 BUY signal For short term The current position is BUY .Positionally Support for USDINR is 67-66.94-66.89-66.86-66.76-66.74-66.68-. Immediate resistance for USDINR is 68.69
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 67.73 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.487 with a stop at 67.605 Below 67.395 go for sell with stop at 68.276.