Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-07-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-07-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum 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 SELL signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 64.08.Resistance for the USDINR is 64.78-64.86-64.87-64.91-64.92-65.25-66.57-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 is moving sideways so short term investor better to buy only above 64.5125 or hold with stop at 64.34 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 64.569 with a stop at 64.201 Below 64.161 go for sell
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