Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-09-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 15-09-2017
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 SELL signal but has moved past its recent high with good volume points to a positive break out . 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 SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 63.89-63.87-.Resistance for the USDINR is 64.54-64.65-64.68-66.05 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 Rupee USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 64.081 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 64.389 with a stop at 64.012 Below 63.972 go for sell with stop at 64.348
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