Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-12-2016
MTECHTIPS The Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 67.92-67.42-67.02-66.99-66.93-66.92-.Resistance for the USDINR is 68.78-
In medium term Dollar is relatively strengthening against Pound-
Short term and Intraday Level of Dollar with Rupee
USDINR is moving sideways so short term investor better to buy only above 68.99 with stop at 68.3025 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 68.737 with a stop at 68.303 Below 68.253 go for sell.