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

Forex tips For Today 30 Aug 2011

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.

Forex tips For Today 27 Aug 2011

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 The current position is BUY

Forex Trading Tips For Today and Live Forex Market news

The rupee on Thursday clawed back from its deepest low in more than 11 months, buoyed by corporate dollar sales, but was reined in by persistent demand for the U.S. unit from domestic oil firms and gold importers.

Caution before U.S. Federal Reserve chairman Ben Bernanke's speech on Friday also kept pressure on the rupee, traders said.

The partially convertible rupee ended at 46.04/05 to a dollar, only marginally weaker from Wednesday's close of 45.99/46.00 but stronger than the intraday low of 46.215 -- a level not seen since Sept. 16.

Today Forex Trading Tips 22 Aug 2011

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 The current position is BUY