Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 05-09-2018

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 70.35-70.09-69.48-68.95-68.47-67.9-66.1-. Immediate resistance for USDINR is 72.04 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 71.094 The USDINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- is in intraday buy level better buy above 71.964 or in low buy above 71.437 Target is 72.094 next 72.294 Below 71.307 trend reversal can occur so keep long stop at 71.307

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