Currency Trend & Levels for 17/07/2013
Trend updated for-Jul/17/2013.CMP-59.2825
The Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note 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 inSELL position.Positionally Support for USDINR is 57.57-56.45-55.92-54.96-.Resistance for the USDINR is 59.88-60.46
In long term Dollar is relatively strengthening against Pound-
Intraday Trend- Sell if open below 58.882 or sell below 58.603 with stop loss at 59.689 Buy if open above 59.689 or buy above 59.97 with stop loss at 58.882
The Dollar is strengthening against Indian Rupee in long- medium- term .Currently Dollar is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note 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 inSELL position.Positionally Support for USDINR is 57.57-56.45-55.92-54.96-.Resistance for the USDINR is 59.88-60.46
In long term Dollar is relatively strengthening against 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 60.126 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold levelIntraday Trend- Sell if open below 58.882 or sell below 58.603 with stop loss at 59.689 Buy if open above 59.689 or buy above 59.97 with stop loss at 58.882
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