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Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-11-2016

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-11-2016

MTECHTIPS The Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 66.68-66.65-66.63-66.58-.Resistance for the USDINR is 67.28-67.4-67.53-

In long term Dollar is relatively strengthening against Yen-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy if close above 67.2275 closing below 66.7525 Sell will happen. The oscillator is showing BUY signal 

Intraday Trend- Buy is advised only above 67.194 with a stop at 66.816 Below 66.776 go for sell and put stop at 67.154

WWW.MTECHTIPS.COM

07489294118-119



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