Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-10-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-10-2017
Mtechtips The Dollar is strengthening against Indian Rupee in long- 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 showing SELL 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 SELL signal For short term Dollar is in SELL position and USDINR closed below 1 week low with volume signals down breakout.Positionally Support for USDINR is 64.43-64.32-64.3-.Resistance for the USDINR is 65.28-65.41-65.47-65.63-In long term Dollar is relatively strengthening against Yen- Euro- Pound- Short term and Intraday Level of Dollar with Rupee USDINR and closed below 1 week low with volume signals down breakout Last few days JPYINR is moving down Currently USDINR is in HOLD SHORT position USDINR is in sideways and sellers was at high so for short term better buy above 65.07 or hold with stop at 64.73 The next resistance will be at 65.23 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 65.07 with a stop at 64.65 Below 64.601 go for sell and put stop at 65.02
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