Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-08-2017
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 and has moved down its previous low with good volume points to a negative break out . 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 SHORT position and USDINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for USDINR is 63.59.Resistance for the USDINR is 64.32-64.41-64.43-64.67-64.73-64.77-66.25-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 and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 64.056 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 64.138 with a stop at 63.722 Below 63.672 go for sell and put stop at 64.088
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