Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-07-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-07-2017

Mtechtips  The Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for USDINR is 64.51-64.43-64.37-64.31-.Resistance for the USDINR is 65.61-66.72-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 In short term USDINR is in strong up trend so hold with stop at 64.773 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 65.391 with a stop at 64.88 Below 64.8 go for sell with a stop at 65.31

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