Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-01-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-01-2018
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 BUY signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 63.72.Resistance for the USDINR is 64.41-64.53-64.66-64.91-64.97-65.01-65.09- In medium term Dollar is relatively strengthening against Euro- Pound- In long term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 64.4375 or hold with stop at 63.9775 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 64.328 with a stop at 63.822 Below 63.742 go for sell
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