Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the USDINR above 65.01 or buy with strict stop at 63.95. 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 Support for USDINR is 64.24-64.19-.Resistance for the USDINR is 64.91-65.77-66.54-66.97-67.23-
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 showing some Up momentum So buy above 64.467 with stop at 64.3325 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 64.779 with a stop at 64.361 Below 64.311 go for sell and put stop at 64.729
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