Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-08-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 30-08-2017
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 Buy the USDINR above 64.66 or buy with strict stop at 63.5. 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.Positionally Support for USDINR is 63.9-63.83-.Resistance for the USDINR is 64.67-64.72-64.76-66.24- 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 SHORT position USDINR is in sideways and sellers was at high so for short term better buy above 64.509 or hold with stop at 63.845 The next resistance will be at 64.23 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.509 with a stop at 63.992 Below 63.902 go for sell and put stop at 64.419
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