Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 16-08-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above64.74 or buy with strict stop at 63.49. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 63.89-63.76-.Resistance for the USDINR is 64.54-64.72-64.76-64.85-66.35- 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 In short term USDINR is in strong up trend so hold with stop at 64.094 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.479 with a stop at 64.032 Below 63.962 go for sell with a stop at 64.409
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