Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 21-04-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the USDINR above 65.6 or buy with strict stop at 64.07. 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 64.88-65.05-65.34-66.33-67.05-67.38-67.39-
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 In short term USDINR is in strong up trend so hold with stop at 64.568 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.829 with a stop at 64.441 Below 64.401 go for sell with stop at 64.789
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