Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in SELL position.Positionally Support for USDINR is 54.32-53.83-53.65-.Resistance for the USDINR is 55.04-55.11-55.38-55.4-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy is advised above 55.426 with a stop at 54.396 Below 54.127 go for sell.
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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 down trend so buy above 55.153 The sell will again come if below 54.47 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signalIntraday Trend- Buy is advised above 55.426 with a stop at 54.396 Below 54.127 go for sell.
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8878998885, 0731-6461777
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