Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 09-08-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory 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 BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 63.49.Resistance for the USDINR is 64.36-64.46-64.65-64.77-64.91-66.4- In medium term Dollar is relatively strengthening against Yen- 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 SHORT position USDINR is moving sideways with low volatality so short term investor better to buy if close above 64.3325 close below 63.745 Sell will happen. 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-Intraday better to buy above 64.118 and Sell if below63.483
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