Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-07-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-07-2017
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 64.04.Resistance for the USDINR is 64.67-64.76-64.84-64.88-64.89-65.14-66.52 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 has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below64.141 Buy if above 64.495 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 64.559 with a stop at 64.181 Below 64.141 go for sell
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