Wednesday, 10 April 2013

INDIAN CURRENCY NEWS

 

DOLLAR TREND WITH RUPEE & INTRADAY LEVELS

Trend updated for-Apr/11/2013.CMP-54.6525 The Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Dollar is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for USDINR is 54.42-54.39-54.37-54.24-54.09-.Resistance for the USDINR is 54.95-55.01-
In long term Dollar is relatively strengthening against Euro-


Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 54.906 with stop at 54.515 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 54.906 with a stop at 54.471 Below 54.4 go for sell and put stop at 54.83

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