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Tuesday 4 December 2012

Forex News for 05-12-2012

Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Dollar is in 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 SELL position.Positionally Support for USDINR is 54.62-54.61-54.33-53.81-53.63-.Resistance for the USDINR is 55.41-55.43-
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 The USDINR is in downtrend For short term buy only if close above 55.223 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend-Sell is advised if below 54.508 with a stop at 55.268 Above 55.539 go for buy.

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Posted by Rakesh Patidar at 21:29

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