Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-07-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-07-2017

Mtechtips   Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . 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 HOLD SHORT position and USDINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for USDINR is 64.2.Resistance for the USDINR is 64.88-64.92-64.93-65.03-65.08-65.4-66.64-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 Rupee USDINR and closed below 1 week low with volume signals down breakoutCurrently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 64.673 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 64.799 with a stop at 64.351 Below 64.291 go for sell and put stop at 64.739

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