Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-08-2017
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 64.32-64.44-64.61-64.75-64.76-64.9-66.39-In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Euro- Pound-Short term and Intraday Level of Dollar with RupeeCurrently USDINR is in HOLD LONG position USDINR is in profit booking mode so hold with stop at 63.825 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.228 with a stop at 63.812 Below 63.762 go for sell and put stop at 64.178
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