Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-07-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 31-07-2017

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 64.66-64.74-64.83-64.87-64.88-65.12-66.5-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 The USDINR is in downtrend For short term buy only if close above 64.467 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 64.599 with a stop at 64.241 Below 64.201 go for sell

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