Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-12-2017


Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-12-2017

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 .. 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.Positionally Immediate support for USDINR is 63.73.Resistance for the USDINR is 64.69-64.74-64.92-64.96-65.07-65.1-65.16- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD SHORT position USDINR is moving sideways so short term investor better to buy only above 64.7925 or hold with stop at 63.99 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 64.389 with a stop at 63.892 Below 63.812 go for sell

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