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Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-01-2017

Sunday, January 8, 2017 22:38
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Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-01-2017



MTECHTIPS  Usd Inr Future This Week Closed With Loss. Rupee Seeing Some Value Buying On Lower Levels And After Last Week Sharp Fall Recovering From Lows On RBI Action.

Usd Inr Future Above 68 Rupee Level Remain Bullish Means Weak Rupee And Strong US Dollar. On Upside My Target Is At 68.7 And Might Show This Target In This Week. Usd Inr Future On Weekly Chart Is In Higher Tops And Bottom Cycle And This Time Expect Fresh Top Above 68.94. If Usd Inr Sustain Below 68 For 2-3 Trading Sessions Then Expect Rupee Breakout For Targets 67.45 And Below.

For Long Term, Usd Inr Above 67.7 On Weekly Closing Basis Remain Bullish And Buy For Target 69.4 And Above In 2017.




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