Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 01-08-2018

Mtechtips  Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the USDINR if it close above69.45 or buy with strict stop at 68.08. 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.Positionally Support for USDINR is 68.02-67.52-66.87-65.58-.Resistance for the USDINR is 69.07-69.09-69.12- In medium term Dollar is relatively strengthening against Euro- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position The USDINR is in downtrend For short term buy only if close above 69.004 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 69.058 with a stop at 68.583 Below 68.513 go for sell

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