Home / TIPS / Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-01-2017

MTECHTIPS  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on SELL signal and USDINR is coming down from overbought level but has moved past its recent high with good volume points to a positive break out . The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on SELL signal and USDINR is coming down from overbought level For short term Dollar is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 68.01-67.91-67.74-67.65-67.29-67.16-67.01-. Immediate resistance for USDINR is 68.79

Short term and Intraday Level of Dollar with Rupee

USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 68.236 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 68.717 with a stop at 68.283 Below 68.223 go for sell with a stop at 68.657

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