Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in downtrend and the trend is supported with good volume 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 SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 64.87-64.85-64.33-64.31-64.29-64.16-. Immediate resistance for USDINR is 65.7 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 so for short term better buy above 65.611 or hold with stop at 64.8725 The next resistance will be at 65.44 The oscillator is showing BUY signal  Intraday Trend- Buy above 65.611 and keep stop below 65.139 Target is 65.721 next 65.892 Below 65.03 trend reversal can occur and next level is 64.86

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