Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-04-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 64.43.Resistance for the USDINR is 65.45-65.56-66.17-66.97-67.45-67.51-67.64-
In medium term Dollar is relatively strengthening against Yen- Euro- 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 sideways but the trend looks weak so better buy above 65.3425 or hold with stop at 64.6875 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 64.441 with stop loss at 65 or sell below 64.301Buy is not advised till it cross 65.14
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