Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 23-05-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in 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 BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 64.25-64.24-64.23-.Resistance for the USDINR is 65.28-66.04-66.64-67.09-
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
Currently USDINR is in HOLD LONG position USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 64.839 with stop at 64.0825 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 64.839 with a stop at 64.401 Below 64.341 go for sell and put stop at 64.779
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