Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-09-2017
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 above64.66 or buy with strict stop at 63.59. 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 63.91-63.88-63.86-.Resistance for the USDINR is 64.63-64.71-64.72-66.17 In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Euro- Pound-Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 64.529 or hold with stop at 64.05 The next resistance will be at 64.3125 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.529 with a stop at 64.082 Below 64.022 go for sell and put stop at 64.469
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