Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-01-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 03-01-2018
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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for USDINR is 63.36.Resistance for the USDINR is 64.32-64.42-64.59-64.91-64.94-64.95-65.09- 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 USDINR and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position USDINR is in sell mode sell below 63.423 buy only above 64.4375 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 64.4375 The oscillator is showing SELL signal Intraday Trend- Sell if open below 63.423 with stop loss at 63.857 or sell below 63.333Buy is not advised till it cross 63.948
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