Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 17-04-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum 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 BUY signal For short term Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 64.07.Resistance for the USDINR is 65.08-65.25-65.69-66.61-67.22-67.45-67.52-
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 moving sideways so short term investor better to buy only above 64.835 with stop at 64.3225 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.849 with a stop at 64.251 Below 64.141 go for sell
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