Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-01-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 08-01-2018
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 SELL signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 63.2.Resistance for the USDINR is 64.16-64.24-64.47-64.87-64.9-65.06- 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 SHORT position The USDINR is in downtrend For short term buy only if close above 63.688 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 63.697 with a stop at 63.363 Below 63.333 go for sell and put stop at 63.667
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