Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-11-2016
MTECHTIPS The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Dollar. 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 67.06-67-66.95-66.86-66.81-66.75-66.7-. Immediate resistance for USDINR is 68.69
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is in profit booking mode so hold with stop at 67.831 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.497 with a stop at 67.964 Below 67.874 go for sell and put stop at 68.407.