Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-04-2017
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 highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 64.07.Resistance for the USDINR is 65.03-65.19-65.6-66.53-67.18-67.44-67.48-
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 SHORT position USDINR is in sideways so for short term better buy above 64.8325 with stop at 64.355 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.819 with a stop at 64.381 Below 64.321 go for sell and put stop at 64.759
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