Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 07-08-2018

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 Buy the USDINR above 69.45 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 SHORT position.Positionally Support for USDINR is 68.59-68.57-68.56-68.07-67.7-67.01-65.65-. 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 USDINR is in sideways so for short term better buy above 69.278 or hold with stop at 68.1925 The next resistance will be at 69.0625 The oscillator is showing BUY signal  Intraday Trend- Buy above 69.278 and keep stop below 68.812 Target is 69.368 next 69.529 Below 68.722 trend reversal can occur and next level is 68.563

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