Mtechtips MCX-SX USDINR WEEKLY trading analysis 01-06-2015

Mtechtips MCX-SX USDINR WEEKLY trading analysis 01-06-2015
MTECHTIPS U S Dollar- dollar rupee future this week closed with gains. after last 2 weeks correction and consolidation of us dollar, future once again resumed primary trend. this week nse dollar rupee high was at 64.56 while low was at 63.54. total 1 rupee plus weekly range and closed with gains. nse dollar rupee weekly chart price trend and momentum both are bullish. weekly chart macd is above zero with fresh buy signal. rsi is at 70 and overbought while cci is at 136 and heading upwards in overbought zone. from medium to long term view, nse dollar rupee above 63 will remain buy and accumulate with price target 64.4 which is already achieved and then 65.5 which can be expected in upcoming weeks.
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