Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 22-08-2017
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 showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above64.73 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 showing BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 63.85-63.83-.Resistance for the USDINR is 64.49-64.7-64.75-64.82-66.31- 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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 64.399 with stop at 64.03 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 64.399 with a stop at 64.032 Below 64.002 go for sell and put stop at 64.368
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