Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-10-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-10-2017
Mtechtips The Dollar is Strongly strengthening 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 on SELL signal and USDINR is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above66.39 or buy with strict stop at 63.81. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is on SELL signal and USDINR is coming down from overbought level For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 65.27-65.25-64.93-64.51-64.27-64.26-64.19-. Immediate resistance for USDINR is 66.39In medium term Dollar is relatively strengthening against Pound- In long term Dollar is relatively strengthening against Yen- Euro- Pound-Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is showing some Up momentum So buy above 65.518 with stop at 65.1475 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 65.761 with a stop at 65.379 Below 65.339 go for sell and put stop at 65.721.
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