Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-05-2017
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 . Noting point is selling at lower levels seems decreasing. 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 and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 64.25-64.21-64.2-.Resistance for the USDINR is 65.37-66.13-66.71-67.12-
In medium term Dollar is relatively strengthening against Euro- Pound- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
USDINR closed above 1 week high with volume signals up breakout USDINR is in sideways so for short term better buy above 65.28 or hold with stop at 64.0825 The next resistance will be at 64.995 Yesterday the up movement was with volume this also confirm an up break out The oscillator is showing BUY signal
Intraday Trend- Buy above 65.28 and keep stop below 64.611 Target is 65.491 next 65.831 Below 64.401 trend reversal can occur and next level is 64.062
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