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 HOLD SHORT position.Positionally Support for USDINR is 54.29-53.84-53.7-.Resistance for the USDINR is 55.01-55.12-55.25-55.31-
In long term Dollar is relatively strengthening against Euro- Pound-
Intraday Trend- Buy the USDINR above 55.087 with a stop at 54.329 Sell if below .54.06 with a stop at 55.087 or sell if opens below 54.329.
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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 The USDINR is in downtrend .Last day USDINR was in bull trend So short term buyers buy if close above 54.797 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is showing SELL signalIntraday Trend- Buy the USDINR above 55.087 with a stop at 54.329 Sell if below .54.06 with a stop at 55.087 or sell if opens below 54.329.
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8878998885, 0731-6461777
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