Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-04-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-04-2017
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 64.88-64.97-65.23-66.21-66.95-67.3-67.36-
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
USDINR and closed below 1 week low with volume signals down breakout USDINR is moving sideways so short term investor better to buy only above 64.755 or hold with stop at 64.4375 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 64.699 with a stop at 64.281 Below 64.221 go for sell
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