Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-07-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-07-2017

Mtechtips  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 64.48-64.45-64.39-64.34-.Resistance for the USDINR is 65.09-65.51-66.69 In medium term Dollar is relatively strengthening against 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 SHORT position The USDINR is in downtrend For short term buy only if close above 64.985 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 65 with a stop at 64.571 Below 64.511 go for sell

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