Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 Support for USDINR is 64.26-.Resistance for the USDINR is 64.81-65.06-65.98-66.74-67.13-67.29-
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 and sellers was at high so for short term better buy above 64.809 or hold with stop at 64.2025 The next resistance will be at 64.62 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.809 with a stop at 64.341 Below 64.271 go for sell and put stop at 64.739
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