Forex Weekly Technical Report 26th Sept To 1th Oct 2011

MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of buy on lower levels. If next week USD/INR sustains above the level of 49.60 then above the level of 49.90 USD/INR can test the level of 50.1000/50.3000.
STRATEGY
For the upcoming week 48.7000 and 47.8000 will act as major supports and 50.5000 and 50.9000 will act as major resistance in USD/INR.

Forex currency Weekly Technica l Report 19th Sep To 24th Sep 2011

USD/INR MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If next week USD/INR sustains below the level of 47.60 then below the level of 47.18 USD/INR can test the level of 46.9800/46.8200
USD/INR STRATEGY
For the upcoming week 44.5000 and 43.8500 will act as major supports and 47.0500 and 47.5500 will act as major resistance in USD/INR.

Forex Tips For Today | Technical report and Market views

The rupee plunged to its lowest level in more than 15 months on Tuesday, weakening for a seventh straight session, as deepening concerns of a Greek debt default continued to drag local and world equities and channelled flows towards dollar.

Dollar buying from corporates along with the weakness in Asian currencies also aided the rupee's fall, dealers said.

A jump in spot dollar demand triggered receiving in the forward dollar market and sent the one-year onshore premium tumbling to 16-month lows, they said.

The partially convertible rupee ended at 47.59/60 to a dollar, after touching 47.6550, its lowest since May 25, 2010, and 0.8 percent weaker from Monday's close of 47.22/23.

Forex Weekly Trading Technical Report 12 Sept To 17 Sept 2011

MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of buy on lower levels. If next week USD/INR sustains above the level of 46.2500 then above the level of 46.7000 USD/INR can test the level of 46.9000/47.0000.
STRATEGY
For the upcoming week 44.5000 and 43.8500 will act as major supports and 47.0500 and 47.5500 will act as major resistance in USD/INR.

Forex Trading Tips For Today 8 Sep 2011

Currently USDINR is in HOLD LONG position The USDINR is in downtrend For short term buy only if close above 46.132 The USDINR is now trading in highly oversold level. The USDINR is now trading in highly oversold level. The oscillator is showing BUY signal.

Forex Indian market tips for today 7 Sep 2011

The Indian rupee reversed gains to end lower for the third day on Wednesday after the euro slipped from its intra-day high against the dollar, and as demand for the greenback from oil importers offset positive local shares.

The partially convertible rupee was closed at 46.1650/1750 per dollar, 0.1 percent weaker than Tuesday's close of 46.1050/1150. It had traded in a range of 45.9750 to 46.1850 during the day.

"A weak euro triggered the dollar's strength against the rupee. The market was short (on dollar) and short covering took it (dollar) higher," said Vikas Chittiprolu, a senior forex dealer with Andhra Bank.

Forex currency Weekly Technica l Report 5th Sep To 10th 2011

USD/INR MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If next week USD/INR sustains below the level of 46.2500 then below the level of 45.6500 USD/INR can test the level of 45.4600
STRATEGY
For the upcoming week 44.5000 and 43.8500 will act as major supports and 46.4500 and 47.0500 will act as major resistance in USD/INR
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Forex indian Tips For Today | Weekly report For 5 Sep To 10 Sep 211

The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD LONG position