Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 12-09-2017
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 .. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.Positionally Immediate support for USDINR is 63.59.Resistance for the USDINR is 64.35-64.39-64.41-64.59-64.67-64.7-66.11- 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 RupeeCurrently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 64.4025 with stop at 63.8975 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 64.258 with a stop at 63.852 Below 63.802 go for sell and put stop at 64.208
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