Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-04-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-04-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend 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 BUY signal For short term Dollar is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 65.38-65.22-65.08-64.82-64.39-64.34-. Immediate resistance for USDINR is 66.76 In medium term Dollar is relatively strengthening against Euro- Pound- In long term Dollar is relatively strengthening against Yen- 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 In short term USDINR is in strong up trend so hold with stop at 65.97 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- is in intraday buy level better buy above 66.713 or in low buy above 66.227 Target is 66.833 next 67.014 Below 66.108 trend reversal can occur so keep long stop at 66.108

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