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Thursday, 8 November 2012

Forex News for 09-11-2012

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 . Cautious point is buying at higer levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 54.01-53.95-53.72-53.24-53.22-.Resistance for the USDINR is 54.89-55.21-
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 has formed a high yesterday but failed to keep the trend so if buying has to considered better above54.768 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 54.102 or sell below 53.953 with stop loss at 54.618 Buy if open above 54.618 or buy above 54.768 with stop loss at 54.102


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