Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-05-2017
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 and fresh Buy can be considered in the USDINR if it close above65.35 or buy with strict stop at 63.83. 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 64.36-64.31-64.26-.Resistance for the USDINR is 65.06-65.81-66.48-67.02-
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 in sideways so for short term better buy above 64.995 with stop at 64.4275 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 65.08 with a stop at 64.511 Below 64.411 go for sell
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