Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-08-2017
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 and closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 63.9-63.79-.Resistance for the USDINR is 64.58-64.74-64.76-64.88-66.38- 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 RupeeUSDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 63.891 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.419 with a stop at 63.972 Below 63.912 go for sell with a stop at 64.358
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