Wednesday, 10 April 2013

Indian currency news

  YEN TREND WITH RUPEE & INTRADAY LEVELS

Trend updated for-Apr/11/2013.CMP-54.9525 The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 54.33.Resistance for the JPYINR is 57.36-57.38-57.57-58.08-59.74-61.61-65.79-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound-
Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 55.792 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 55.3 with a stop at 54.606 Below 54.369 go for sell

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