Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-09-2017
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 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 LONG position and USDINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for USDINR is 63.64.Resistance for the USDINR is 64.35-64.39-64.4-64.6-64.69-64.7-66.13- In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Yen- 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 USDINR is moving sideways so short term investor better to buy only above 64.4025 or hold with stop at 63.8975 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 64.208 with a stop at 63.742 Below 63.672 go for sell
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