Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-09-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 63.91-63.89-63.86-.Resistance for the USDINR is 64.62-64.7-64.72-66.16- 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 RupeeCurrently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 64.4025 with stop at 64.05 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level Intraday Trend- Buy is advised above 64.469 with a stop at 64.092 Below 64.052 go for sell
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