Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 06-08-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .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 SELL 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 67.92. 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 68.58-68.57-68.53-68.05-67.66-66.97-65.63-. Immediate resistance for USDINR is 69.45 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 .Last day USDINR was in bull trend So short term buyers buy if close above 68.94 The oscillator is showing BUY signal  Intraday Trend- Buy the USDINR above 69.228 with a stop at 68.493 Sell if below .68.263 with a stop at 69.228 or sell if opens below 68.493

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