Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position.Positionally Support for USDINR is 64.35-64.25-64.2-.Resistance for the USDINR is 65.67-66.44-66.9-67.2-
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 64.448 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 65.15 with a stop at 64.571 Below 64.461 go for sell with a stop at 65.04
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