Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-08-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-08-2018

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 67.92. 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 68.13-67.82-67.12-65.7-.Resistance for the USDINR is 69.12-69.13-69.15- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is in profit booking mode so hold with stop at 68.718 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought level Intraday Trend- Buy is advised only above 69.068 with a stop at 68.603 Below 68.543 go for sell and put stop at 69.008

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