Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-01-2018

Mtechtips MCX-SX USDINR INTRADAY trading analysis 11-01-2018
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 63.13.Resistance for the USDINR is 64.03-64.15-64.37-64.79-64.87-64.88-65.03- 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 63.9725 or hold with stop at 63.38 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 64.008 with a stop at 63.523 Below 63.453 go for sell
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