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Monday, 26 November 2012

Forex News for 27-11-2012

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 .. 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 and closed above 1 month high with volume signals up breakout.Positionally Support for USDINR is 55.03-54.81-54.64-54.38-54.32-53.83-53.49-. Immediate resistance for USDINR is 56.09
In long term Dollar is relatively strengthening against Euro- Pound-

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 In short term USDINR is in strong up trend so hold with stop at 55.202 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 if open above 55.963 with a stop at 55.483 or buy above 56.091 Below 55.355 go for sell or sell if open below55.483.

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