Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-10-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-10-2017
Mtechtips The Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .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 Buy the USDINR above 66.39 or buy with strict stop at 64.24. 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 SHORT position.Positionally Support for USDINR is 64.64-64.3-64.28-64.25-.Resistance for the USDINR is 65.65-65.71-65.76- In 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 has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below65.02 Buy if above 65.605 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 65.421 with a stop at 65.06 Below 65.02 go for sell.
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