Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-12-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-12-2017

Mtechtips  Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Dollar. 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.Positionally Immediate support for USDINR is 64.18.Resistance for the USDINR is 64.93-65.04-65.05-65.23-65.25-65.26-65.36- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Euro- Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 64.83 with stop at 64.44 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level Intraday Trend- Buy is advised above 64.93 with a stop at 64.441 Below 64.361 go for sell

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