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Wednesday, 31 October 2012

Forex News for 01-11-2012

Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume 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 53.49-53.24-53.2-53.02-.Resistance for the USDINR is 54.5-54.96-55.28-
In medium term Dollar is relatively strengthening against Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD LONG position In USDINR is in up trend but last day trend was weak so adhere to stop at 54.071 The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is showing BUY signal 

Intraday Trend- Sell if open below 53.823 with stop loss at 54.327 Buy is advised only above 54.472

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