Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-07-2017
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 64.75-64.85-64.87-64.88-64.9-65.22-66.55-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 RupeeCurrently 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 is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level Intraday Trend- Buy is advised above 64.589 with a stop at 64.211 Below 64.171 go for sell
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