Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-05-2017
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 and has moved down its previous low. 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 Immediate support for USDINR is 64.17.Resistance for the USDINR is 64.77-64.82-65.1-65.85-66.51-67.04-
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 SHORT position USDINR is moving sideways so short term investor better to buy only above 64.995 or hold with stop at 64.4275 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 64.689 with a stop at 64.261 Below 64.201 go for sell
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