Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-07-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 18-07-2017

Mtechtips Dollar is weakening against Indian Rupee.Currently Dollar is showing some down move and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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.Positionally Immediate support for USDINR is 64.15.Resistance for the USDINR is 64.88-64.9-64.93-64.98-65.02-65.35-66.61In 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 RupeeThe USDINR is in downtrend For short term buy only if close above 64.544 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signalIntraday Trend- Buy is advised only above 64.639 with a stop at 64.281 Below 64.251 go for sell and put stop at 64.609

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