Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-09-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 63.89-63.85-.Resistance for the USDINR is 64.42-64.62-64.69-64.71-66.14- 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 The USDINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 64.19 If trades and sustain below 64.09 be alert The oscillator is showing SELL signalIntraday Trend-The USDINR closed in a confusion manner So buy for intraday only above 64.368 with a stop at 63.972 If opens below 63.972 or trade below 63.932 be cautious or go for sell with stop at 64.328
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