Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-05-2017
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 BUY signal For short term Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 63.95.Resistance for the USDINR is 64.73-64.79-64.97-65.87-66.64-67.05-67.26-
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 in profit booking mode so either sell of or keep stop at64.344 so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.549 with a stop at 64.211 Below 64.181 go for sell
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