Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-06-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 29-06-2017

Mtechtips  The Dollar is weakening against Indian Rupee .Currently Dollar is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. 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 HOLD LONG position.Positionally Support for USDINR is 64.33-64.3-64.29-64.27-.Resistance for the USDINR is 65.11-65.71-66.76-In medium term Dollar is relatively strengthening against Yen- Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound-Short term and Intraday Level of Dollar with RupeeCurrently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 65.16 or hold with stop at 64.4225 The next resistance will be at 64.89 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 65.16 with a stop at 64.611 Below 64.511 go for sell and put stop at 65.06

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