Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-08-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-08-2017

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 and closed above 1 week high with volume signals up breakout.Positionally Support for USDINR is 63.9-63.78-.Resistance for the USDINR is 64.56-64.73-64.76-64.87-66.36-In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Euro- Pound-Short term and Intraday Level of Dollar with Rupee USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 64.3875 with stop at 63.785 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 64.509 with a stop at 64.072 Below 64.012 go for sell

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