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Tuesday 11 December 2012

Forex News for 12-12-2012

 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 53.88-53.75-.Resistance for the USDINR is 54.7-54.99-55.04-55.16-55.22-
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 moving sideways so short term investor better to buy only above 54.85 with stop at 54.2175 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 54.893 with a stop at 54.216 Below 54.063 go for sell.

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Posted by Rakesh Patidar at 21:41

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