Wednesday, 10 April 2013

Indian currency news

  POUND TREND WITH RUPEE & INTRADAY LEVELS  

Trend updated for-Apr/11/2013.CMP-83.62 The Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 82.86-82.85-82.6-82.27-.Resistance for the GBPINR is 85.17-85.97-86.67-
In medium term Pound is relatively strengthening against Dollar- In long term Pound is relatively strengthening against Euro- Dollar-
Currently GBPINR is in HOLD LONG position GBPINR is in profit booking mode so either sell of or keep stop at83.543 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 84.123 with a stop at 83.286 Below 83.119 go for sell

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