Dollar is Strongly strengthening 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 BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 54.73-54.52-54.41-54.29-53.88-53.75-53.33-. Immediate resistance for USDINR is 55.59
In long term Dollar is relatively strengthening against Yen- Euro- Pound-
Intraday Trend- is in intraday buy level better buy above 55.592 or in low buy above 55.039 Target is 55.758 next 56.034 Below 54.873 trend reversal can occur so keep long stop at 54.873
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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 short term USDINR is in strong up trend so hold with stop at 54.975 The USDINR is now trading in highly overbought level. The oscillator is showing SELL signalIntraday Trend- is in intraday buy level better buy above 55.592 or in low buy above 55.039 Target is 55.758 next 56.034 Below 54.873 trend reversal can occur so keep long stop at 54.873
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In my point of view the above currency updates is very useful for the investors. With the help of it they can know about the situation of the market.Bullion Tips, Gold Tips, Forex Tips
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