Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .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 on SELL signal and USDINR is coming down from overbought level For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 54.61-54.58-54.34-53.8-53.6-.Resistance for the USDINR is 55.4-55.45-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy only above 55.557 with a stop at 54.525 Better go for Sell below 54.255 or sell if open below 54.525
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In long term Dollar is relatively strengthening against Euro- Pound-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in sideways so for short term better buy above 55.4525 with stop at 54.47 The oscillator is showing SELL signalIntraday Trend- Buy only above 55.557 with a stop at 54.525 Better go for Sell below 54.255 or sell if open below 54.525
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8878998885, 0731-6461777
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