Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-03-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-03-2018

Mtechtips  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 64.72-64.5-64.29-64.27-64.2-64.11-63.92-. Immediate resistance for USDINR is 65.76 In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Yen- Euro- Pound- 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 65.204 The USDINR is now trading is approaching overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 65.581 with a stop at 65.1 Below 65.03 go for sell and put stop at 65.511

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