Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-11-2016
MTECHTIPS The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory 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 67.18-67.03-67-66.87-66.86-66.76-66.73-. 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 moving sideways with low volatality so short term investor better to buy if close above 68.4125 close below 67.665 sell will happen. The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend-Intraday better to buy above 68.507 and Sell if below67.784.