Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-12-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 28-12-2017
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 . Noting point is selling at lower levels seems decreasing. 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 closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 63.96-.Resistance for the USDINR is 64.59-64.72-64.91-65-65.04-65.09- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against 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 USDINR is in sideways and sellers was at high so for short term better buy above 64.609 or hold with stop at 64.0175 The next resistance will be at 64.35 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.609 with a stop at 64.131 Below 64.062 go for sell and put stop at 64.539
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