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Thursday, 22 November 2012

Forex News for 23-11-2012

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 54.82-54.67-54.59-54.38-54.11-53.83-53.43-. Immediate resistance for USDINR is 55.62
In long term Dollar is relatively strengthening against Euro- Pound-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 55.621 or hold with stop at 54.81 The next resistance will be at 55.4 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 level
Intraday Trend- Buy is advised only above 55.621 with a stop at 55.029 Below 54.905 go for sell and put stop at 55.497

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