Indian currency news

POUND TREND WITH RUPEE & INTRADAY LEVELS

Trend updated for-Apr/03/2013.CMP-82.9075 The Pound is weakening against Indian Rupee .Currently Pound is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 Pound is in HOLD LONG position.Positionally Support for GBPINR is 82.2-82.05-81.84-.Resistance for the GBPINR is 83.84-85.55-86.2-86.75-
In medium term Pound is relatively strengthening against Dollar- Yen- In long term Pound is relatively strengthening against Euro- Dollar- 

 

Currently GBPINR is in HOLD LONG position GBPINR has formed new high but the trend looks weak so better buy above 83.492 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level
Intraday Trend- Sell if open below 82.533 with stop loss at 83.283 or sell below 82.325 Buy is not advised till it cross 83.492