Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-05-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-05-2017
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 64.52-64.43-64.34-64.27-.Resistance for the USDINR is 65.78-66.45-67.01-
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 showing some Up momentum So buy above 64.798 with stop at 64.4275 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 65.11 with a stop at 64.7 Below 64.65 go for sell and put stop at 65.06
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