Dollar is weakening against Indian Rupee .Currently Dollar is in strong uptrend but volume is unsatisfactory 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 53.59-53.31-53.2-53.04-.Resistance for the USDINR is 54.46-54.94-55.26-
In medium term Dollar is relatively strengthening against Euro- In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Intraday Trend- Buy is advised above 54.222 with a stop at 53.805 Below 53.738 go for sell
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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 USDINR is in profit booking mode so better sell and enter at lower level The USDINR is now trading is approaching overbought level. The USDINR is now trading is approaching overbought level. The oscillator is on SELL signal and USDINR is coming down from overbought levelIntraday Trend- Buy is advised above 54.222 with a stop at 53.805 Below 53.738 go for sell
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