Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-03-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 20-03-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is showing some down move and trend is strong momentum is also showing strength 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 on SELL signal and USDINR is coming down from overbought level For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 64.88-64.85-64.64-64.3-64.28-64.13-64.11-. Immediate resistance for USDINR is 65.51 In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Yen- Euro- Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is in sideways and sellers was at high so for short term better buy above 65.491 or hold with stop at 64.885 The next resistance will be at 65.245 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 65.491 with a stop at 65.05 Below 64.99 go for sell and put stop at 65.431

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