Forex News for 30-10-2012

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 and closed above 3 week high with volume signals up breakout.Positionally Support for USDINR is 54.13-53.25-53.19-53-.Resistance for the USDINR is 55-55.31-

Short term and Intraday Level of Dollar with Rupee

USDINR closed above 1 week high with volume signals up breakoutCurrently USDINR is in HOLD LONG position USDINR is in sideways so for short term better buy above 54.621 or hold with stop at 53.375 The next resistance will be at 54.41 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- Buy above 54.621 and keep stop below 54.114 Target is 54.766 next 55.007 Below 53.97 trend reversal can occur and next level is 53.73


To Get Free  Tips:

Stock Tips
Forex Tips
Commodity Tips
8878998885