Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 04-09-2018

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 . Cautious point is buying at higer levels seems decreasing. 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 70.16-69.89-69.37-68.89-68.42-67.84-66.07-. Immediate resistance for USDINR is 71.68 In medium term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD LONG position In short term USDINR is in strong up trend so hold with stop at 70.937 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 71.623 or in low buy above 71.078 Target is 71.753 next 71.974 Below 70.948 trend reversal can occur so keep long stop at 70.948

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